Immunomedics (IMMU) Giving Back Gains
August 28, 2009 · Filed Under R&D
Immunomedics (IMMU) is giving back some of the gains that it made yesterday after positive earnings news. The stock is down 8% to $6.28.
Along with earnings, IMMU reported successful clinical trial results for epratuzumab, a drug Immunomedics developed and licensed to UCB Pharma. In the last quarter, IMMU revenue was $8.3 million compared to $1 million in the same period a year ago. The company made almost $1 million.
Douglas A. McIntyre
Comments
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