ARTICLE | Financial News

ImmunoGen raises $25 million

June 24, 2008 12:58 AM UTC

ImmunoGen (NASDAQ:IMGN) raised $25 million through the sale of 7.8 million shares to Ziff Asset Management at $3.20 per share in a registered direct offering. The share price is a 6% premium to the company's close of $3.01 on Friday, the last trading day before the deal was announced. The shares were sold from an existing shelf registration. ...