Immunogen's stock loses nearly half its value after trial of cancer treatment fails to meet primary endpoint

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Immunogen's stock value cut nearly in half after disappointing cancer trial

Shares of Immunogen Inc. IMGN, +2.61% plummeted 48% toward a two-year low in premarket trade Friday, after the company said a phase 3 trial of its ovarian cancer treatment, mirvetuximab soravtansine, compared to chemotherapy, failed to meet its primary endpoint of progression free survival.

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