ImmunoGen raises $25 million
ImmunoGen, a US biopharmaceutical company that develops targeted anticancer therapeutics, says that Ziff Asset Management has purchased around 7.8 million shares of its common stock at $3.20 per share.
The shares were offered by ImmunoGen pursuant to an effective shelf-registration statement previously filed with the Securities and Exchange Commission. Proceeds to ImmunoGen from the offering, net of estimated expenses, are expected to be approximately $24.7 million.
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