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Biotech / Medical : ImmunoGen
IMGN 31.230.0%Feb 26 3:00 PM EDT

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From: Gary Mohilner11/1/2019 5:35:59 PM
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The nice move IMGN made today was based on a positive quarterly presentation. In the presentation they announced that at ASH they'll have 4 presentations on IMGN632 and while nothing specific was noted, the data being presented is for double or more the previously reported on patients in the trial, it was pretty clear that this will be quite positive.

I believe IMGN could be up substantially through the end of the year and close the year much higher to the high for the year, rather than the low where it's been since the Phase 3 results for IMGN853 were announced. I also should note that the new Phase 3 should begin before year's end, and that if they had recruited patients that met the higher, rather than lower, criteria for the trial, they could have met the approval criteria for at least the highest platinum resistant group. The new trial will assure that the trial is properly balanced. This is my interpretation of what was said, they didn't clearly state this is the case.

Anyone interested should go to the website and listen to the quarterly presentation.

Gary
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