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IMMU

Immunomedics

$5.98

0.18 (3.10%)

11:30
04/21/17
04/21
11:30
04/21/17
11:30

Immunomedics slides after Jefferies confirms no update at ASCO

Shares of Immunomedics (IMMU) are sliding near midday after Jefferies analyst Matthew Andrews said he has confirmed with the company that there will be no IMMU-132 update at ASCO, which will take place between June 2-6 in Chicago. NO UPDATE: Jefferies' analyst Andrews had expected Immunomedics to provide an update on IMMU-132, an ADC that contains SN-38, the active metabolite of irinotecan, approved by the U.S. Food and Drug Administration as a chemotherapeutic for patients with cancer. However, the analyst told investors in a research note that he has confirmed with the company that there will be no update at the American Society of Clinical Oncology annual meeting. Immunomedics had tentatively been targeting a LBA submission in triple-negative breast cancer but the data in the about 15 remaining patients are not mature enough at this time and would not be a meaningful update on the 85 patient update with confirmed responses in mid-January 2017, Andrews added. PRICE ACTION: In late morning trading, shares of Immunomedics have dropped 12.6% to $5.22.

IMMU Immunomedics
$5.98

0.18 (3.10%)

02/13/17
LEER
02/13/17
NO CHANGE
LEER
Outperform
New deal may add 'intriguing' asset to Seattle Genetics pipeline, says Leerink
Leerink analyst Michael Schmidt notes that Seattle Genetics (SGEN) has announced a global development and license agreement with Immunomedics (IMMU) for IMMU-132, which could potentially expand on the former's leadership position in the antibody-drug conjugate space by adding a late stage asset that has generated considerable interest based on its clinical activity seen in triple-negative breast cancer to date. The analyst reiterates an Outperform rating on Seattle Genetics' shares.
02/13/17
RBCM
02/13/17
NO CHANGE
RBCM
Seattle Genetics drug acquisition would be positive, says RBC Capital
After Seattle Genetics (SGEN) announced a global development and license agreement with Immunomedics (IMMU) for sacituzumab, RBC Capital analyst Adnan Butt says that the drug "seems approvable," given the positive data it has generated in trials involving triple negative breast cancer patients. The analyst adds that the drug significantly reduces the risk posed by the stock and could be used to treat other cancers. He notes that the deal has not yet been completed and keeps an $80 price target and an Outperform rating on the stock.
02/13/17
FBCO
02/13/17
NO CHANGE
Target $66
FBCO
Neutral
Seattle Genetics price target raised to $66 from $62 at Credit Suisse
Credit Suisse analyst Kennen MacKay raised his price target for Seattle Genetics to $66 from $62 saying he views the company's bid for Immunomedics' IMMU-132 positively. The analyst sees potential for near-term accelerated submission and potential approval in 2018 with potential for blockbuster sales. MacKay assumes a 60% probability of deal closing as Immunomedics has potential to seek additional bids. He reiterates a Neutral rating on Seattle Genetics' shares.
04/21/17
JEFF
04/21/17
NO CHANGE
JEFF
Immunomedics will not present IMMU-132 update at ASCO, says Jefferies
Jefferies analyst Matthew Andrews said he'd expected Immunomedics to provide an update on IMMU-132 at the meeting, but he has confirmed with the company that there will be no update presented at the meeting. Immunomedics shares are down nearly 14% in early trading.

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GOOS

Canada Goose

$20.60

-0.49 (-2.32%)

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BPY

Brookfield Property

$24.08

0.34 (1.43%)

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BPOP

Popular

$39.33

0.16 (0.41%)

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$NSD

NASDAQ Market Internals

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MEOH

Methanex

$42.30

0.4 (0.95%)

13:16
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Methanex management to meet with RBC Capital »

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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13:15
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General news
Treasury Action: intermediate yields ticked higher »

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CS

Credit Suisse

$14.45

0.2 (1.40%)

13:14
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IMGN

ImmunoGen

$6.54

-0.28 (-4.11%)

13:12
06/28/17
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Conference/Events
ImmunoGen management to meet with RBC Capital »

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VZ

Verizon

$44.85

0.005 (0.01%)

, GOOG

Alphabet

$927.33

-24.94 (-2.62%)

13:09
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Periodicals
Verizon explores pooling consumer data with other wireless firms, BI says »

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Verizon

$44.85

0.005 (0.01%)

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$927.33

-24.94 (-2.62%)

GOOGL

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$948.09

-24 (-2.47%)

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$150.58

-3.01 (-1.96%)

TMUS

T-Mobile

$61.01

-2.14 (-3.39%)

S

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$8.14

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VOD

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$28.65

-0.145 (-0.50%)

TEF

Telefonica

$10.53

-0.1 (-0.94%)

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MIC

Macquarie Infrastructure

$79.18

0.8299 (1.06%)

13:09
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Conference/Events
Macquarie Infrastructure management to meet with RBC Capital »

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13:05
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General news
7-Yr Note Auction Coupon Rate data reported »

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General news
7-Yr Note Auction Total Amount data reported »

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Treasury Option Action: bullish 10-year positioning »

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MTCH

Match Group

$17.50

-0.295 (-1.66%)

13:04
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RAD

Rite Aid

$4.04

0.2989 (7.99%)

, WBA

Walgreens Boots Alliance

$77.26

-0.27 (-0.35%)

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Earnings
Notable companies reporting before tomorrow's open »

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RAD

Rite Aid

$4.04

0.2989 (7.99%)

WBA

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$77.26

-0.27 (-0.35%)

MKC

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$98.40

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LNN

Lindsay

$87.92

1.32 (1.52%)

GBX

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$50.15

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Conagra Brands

$37.53

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STZ

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$183.93

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AYI

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$180.03

4.695 (2.68%)

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GOOG

Alphabet

$927.33

-24.94 (-2.62%)

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$948.09

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$927.33

-24.94 (-2.62%)

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Alphabet Class A

$948.09

-24 (-2.47%)

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PIR

Pier 1 Imports

$5.42

0.0799 (1.50%)

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A. Schulman

$27.50

-1.05 (-3.68%)

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Earnings
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PIR

Pier 1 Imports

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0.0799 (1.50%)

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$27.50

-1.05 (-3.68%)

PRGS

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$30.08

-0.16 (-0.53%)

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AMZN

Amazon.com

$976.78

-17.2 (-1.73%)

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Alphabet

$927.33

-24.94 (-2.62%)

13:00
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Hot Stocks
Best Buy to launch Amazon Alexa, Google Home 'experiences' in 700 stores »

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Amazon.com

$976.78

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Alphabet

$927.33

-24.94 (-2.62%)

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Alphabet Class A

$948.09

-24 (-2.47%)

BBY

Best Buy

$56.96

0.78 (1.39%)

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CPN

Calpine

$13.83

0.07 (0.51%)

13:00
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Options
Notable put buying in Calpine »

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P

Pandora

$8.95

0.455 (5.36%)

, AAPL

Apple

$143.73

-2.09 (-1.43%)

12:58
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Periodicals
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Pandora (P) interim CEO…

P

Pandora

$8.95

0.455 (5.36%)

AAPL

Apple

$143.73

-2.09 (-1.43%)

SIRI

SiriusXM

$5.26

-0.04 (-0.75%)

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  • 28

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SIG

Signet Jewelers

$63.08

0.08 (0.13%)

12:55
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12:55
Options
Signet Jewelers put volume heavy and directionally bearish »

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