ImmunoGen Inc (IMGN.OQ)
26 May 2017
Latest Key Developments (Source: Significant Developments)
ImmunoGen Inc:Updated its guidance for FY 2016.Expected FY 2016 revenues are now projected to be between $60 million and $70 million, compared with previous guidance of between $70 million and $80 million.Guidance for FY 2016 net loss is now expected to be between $135 million and $140 million, compared to its previous estimate of $120 million and $125 million with most of this change being non-cash related. Full Article
ImmunoGen Inc:Mark J. Enyedy has been appointed President and CEO and elected to the Board of Directors, effective May 16.Enyedy succeeds Daniel Junius, who as previously announced is retiring from these positions and will continue to serve on ImmunoGen's Board. Full Article
ImmunoGen and Merck establish collaboration for clinical evaluation of mirvetuximab soravtansine in combination with keytruda
ImmunoGen Inc:Says the company and Merck have entered into a clinical research collaboration for the assessment of ImmunoGen's mirvetuximab soravtansine in combination with Merck's anti-PD-1 therapy.Says agreement is between immunogen and Merck, through a subsidiary.Says agreement includes a provision for potential expansion of the collaboration to include a subsequent phase 3 clinical trial.Additional details were not disclosed. Full Article
Latest results from a mid-stage trial of ImmunoGen Inc's experimental antibody-drug conjugate show that it shrinks or stabilizes tumors in nearly half of advanced ovarian cancer patients with at least medium levels of a key biomarker whose disease has become resistant to standard chemotherapy.