$IMGN ImmunoGen shares are trading higher after the company announced results from the pivotal SORAYA trial of mirvetuximab soravtansine in ovarian cancer met the primary endpoint with confirmed objective response rate of 32.4%.
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πŸ‘€︎ u/YGLD
πŸ“…︎ Nov 30 2021
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SHOULD I BUY IMMUNOGEN STOCK AFTER OVARIAN CANCER TRIAL SUCCESS?

ImmunoGen stock (NASDAQ: IMGN) soared over 48% in Tuesday premarket trading, with investors reacting kindly to a successful clinical trial, whereby the safety and efficacy of mirvetuximab soravtansine were tested in a pivotal study. The drug proved effective with patients suffering from ovarian cancer – meeting the goals of the study’s primary endpoint.

The positive results followed the SORAYA trial, a single-arm study of mirvetuximab in patients with platinum-resistant ovarian cancer who have been previously treated with cancer drug Avastin. The study showed a confirmed objective response rate of 32.4% – demonstrating impressive activity in patients with ovarian cancer.

The company is hoping to file with the FDA for approval in Q122, followed by the gathering of further top-line data later in the year to solidify data for full approval.

Mark Enyedy, ImmunoGen President and CEO, expresses his excitement:

β€œThis is an exciting moment, both for the field of ovarian cancer and for ImmunoGen, and the outcomes from SORAYA further validate our longstanding history of innovation in ADCs,”

Adding…

β€œWe are moving forward expeditiously to complete the BLA for mirvetuximab, with the goal of submitting the application to FDA for accelerated approval in the first quarter of 2022. In parallel, commercial preparations are well underway to support the potential launch of mirvetuximab next year.”

If you’re looking at ImmunoGen for an investment opportunity, it might be worth waiting for a retracement on today’s premarket rally, or perhaps on further news regarding any submissions for approval. IMGN stock started to trail of after a strong start to the year, showing an annual loss of 26%. Covering prominent ground in a critical space, ImmunoGen might be worth keeping an eye on.

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πŸ‘€︎ u/Asktraders178
πŸ“…︎ Nov 30 2021
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Can ImmunoGen, Inc. (IMGN) explode higher? youtu.be/jV1YVz2A_eI
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https://bisouv.com/uncategorized/1626656/cancer-targeted-therapy-market-future-prospects-2026-boehringer-ingelheim-genetech-immunogen-bind-therapeutics-inovio-pharmaceuticals/

https://bisouv.com/uncategorized/1626656/cancer-targeted-therapy-market-future-prospects-2026-boehringer-ingelheim-genetech-immunogen-bind-therapeutics-inovio-pharmaceuticals/

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Worldometer Reported 596,390 New Cases Of Covid 19 Yesterday.....The Case Trend Is Increasing And Understand That Is Only What Is Reported.....8000 New Deaths.....There Is An Increasing Need For A Safe....Immunogenic.....Durable....Easy Ship/Store Covid 19 Vaccine.....That Is INO 4800/4802

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