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Biotech / Medical : ImmunoGen -- Ignore unavailable to you. Want to Upgrade?


To: tom pope who wrote (5527)2/28/2013 9:58:30 PM
From: Gary Mohilner  Respond to of 5665
 
It's my belief that IMGN will gradually become an earnings play as sales in T-DM1 grow dramatically with every quarter for the foreseeable future. This quarter will only have 3 weeks of sales, hardly enough to even report, but next quarter I believe we'll see sales reach over $100 million if Roche is pushing this as hard as I believe they are. I cannot remember a product being approved where it was announced it would be available to sell in 2 weeks, many companies take months to a year to put together distribution and sales.

I wouldn't be at all surprised if sales this year went over $1 billion, and they should go up by that much or more in succeeding years. Even at under 5% royalties, investors will be impressed with IMGN's earnings.

Gary