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

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To: Area51 who wrote (5661)12/19/2023 10:20:27 PM
From: Gary Mohilner  Read Replies (1) of 5665
 
I really think it should have been worth substantially more and that we could either get a counter offer or have Institutions balk at the price. I'm purchasing some cheap, just out of the buyout price options in the hope I'm right.

The latest results revealed that it shouldn't be that long before IMGN has a second approved drug. IMGN ought to be valued at half of what SGEN was purchased for, they're getting a fraction of that.

Gary
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