Shares of ImmunoGen, Inc. (NASDAQ:IMGN) ended Thursday session in red amid volatile trading. The shares closed down -0.01 points or -0.36% at $2.80 with 773,474.00 shares getting traded. Post opening the session at $2.80, the shares hit an intraday low of $2.75 and an intraday high of $2.84 and the price vacillated in this range throughout the day. The company has a market cap of $238.57 million and the numbers of outstanding shares have been calculated to be 87.33 million shares.
ImmunoGen, Inc. (IMGN) on August 9, 2016 announced that Charles Morris, MBChB, MRCP, Executive Vice President and Chief Development Officer, is leaving the Company effective September 2 to pursue an opportunity closer to his primary residence in Pennsylvania.
“Charlie has made a significant contribution to ImmunoGen over these past four years,” said Mark Enyedy, President and CEO. “He played a key role in building a strong development organization, including an experienced team led by our Chief Medical Officer and Vice President, Anna Berkenblit, MD, and our Vice President, Regulatory Affairs, Theresa Wingrove, PhD. Anna and Theresa will now report directly to me, as we advance our pipeline and initiate the Phase 3 study of mirvetuximab soravtansine before the end of the year. We wish Charlie the very best in his new role.”
“ImmunoGen is successfully implementing a speed-to-market strategy for our lead product candidate, mirvetuximab soravtansine, is accelerating a strong pipeline behind it, and continues to drive significant ADC innovations,” commented Dr. Morris. “I am proud of what we have accomplished with our portfolio and look forward to ImmunoGen’s continued success, as this talented development team advances these exciting ADC programs to benefit patients with cancer.”
Shares of Shire PLC (ADR) (NASDAQ:SHPG) ended Thursday session in green amid volatile trading. The shares closed up +1.32 points or 0.71% at $188.50 with 998,999.00 shares getting traded. Post opening the session at $187.35, the shares hit an intraday low of $186.69 and an intraday high of $188.67 and the price vacillated in this range throughout the day. The company has a market cap of $55.56 billion and the numbers of outstanding shares have been calculated to be 906.90 million shares.
Shire PLC (ADR) (SHPG) on Aug. 29, 2016 announced that Xiidra™ (lifitegrast ophthalmic solution) 5%, a twice-daily prescription eye drop indicated for the treatment of both the signs and symptoms of dry eye disease, is now available by prescription in the United States. An estimated 16 million adults in the U.S. are diagnosed with dry eye, a disease associated with inflammation that may eventually lead to damage to the surface of the eye. An eye care professional can diagnose dry eye disease based on signs and symptoms and determine management options, which could include the use of a prescription treatment. The U.S. Food and Drug Administration (FDA) approved Xiidra on July 11, 2016.
“Shire worked rapidly to bring Xiidra to market following the approval of this new treatment – a first-in-its-class medication and the first prescription treatment to be approved for both the signs and symptoms of dry eye disease,” said Perry Sternberg, Head, U.S. Commercial. “We have a full range of modern, educational access programs to support the millions of patients across the U.S. living with dry eye disease. This delivers on our commitment to showing up differently in ophthalmics.”
“As the number of people presenting with the signs and symptoms of dry eye disease increases, the availability of a new prescription treatment option for this condition is an exciting development,” Eric D. Donnenfeld, M.D., FAAO, National Medical Director, TLC Laser Eye Centers. “We now have a new prescription eye drop that is specifically indicated for the signs and symptoms of dry eye disease, an often common eye condition that may be progressive.”