IMMUNOGEN COMPLETES PUBLIC OFFERINGImmunoGen Inc. of Cambridge, Mass., on Wednesday completeda previously announced public offering of 2 million shares ofcommon stock at $19 per share, raising $38 million lessunderwriting fees. There is an overallotment of 300,000 shares.The company (NASDAQ:IMGN) develops immunoconjugates totreat cancer.
FDA APPROVES EPITOPE'S HIV-1 TEST
Epitope Inc. of Beaverton, Ore., on Thursday said the Food andDrug Administration has licensed its EPIblot HIV-1 WesternBlot confirmatory test. Prior to obtaining the license, the testwas limited to research applications. The test is used to confirmthe result when an AIDS screening test returns a positiveoutcome.
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