Immunogen Sells Stock, Raises $25M

Biopharma company ImmunoGen, (NASDAQ: IMGN), of Waltham, MA, announced today that it has sold 7.8 million shares at $3.20 per share to Ziff Asset Management. ImmunoGen, which is expected to net approximately $24.7 million after expenses, has six anti-cancer drugs in clinical testing, four of them through collaborations with other pharma companies.

Erik Mellgren is a Swedish journalist who worked for Xconomy Boston in 2008 as part of the Stanford Innovation Journalism Fellowship program. His real job is with Ny Teknik, a leading technology and innovation magazine in Sweden, but he loved seeing the Red Sox at Fenway. Follow @

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