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ImmunoGen: Q4 Earnings Snapshot

By AP News - Mar 01, 2023, 06:48 AM ET

Last Updated - Jun 22, 2023, 06:47 PM EDT

WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — ImmunoGen Inc. (IMGN) on Wednesday reported a loss of $59 million in its fourth quarter.

On a per-share basis, the Waltham, Massachusetts-based company said it had a loss of 23 cents.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share.

The drug developer posted revenue of $41.2 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $17.7 million.

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