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NASDAQ:IMMU

Immunomedics (IMMU) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$87.86
$87.86
50-Day Range
$85.08
$87.86
52-Week Range
$8.80
$87.93
Volume
N/A
Average Volume
4.01 million shs
Market Capitalization
$20.31 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
IMMU stock logo

About Immunomedics Stock (NASDAQ:IMMU)

Immunomedics, Inc., a clinical-stage biopharmaceutical company, develops monoclonal antibody-based products for the targeted treatment of cancer. It develops sacituzumab govitecan, an antibody-drug conjugate for the treatment of patients with metastatic triple-negative breast cancer. The company focuses on commercializing sacituzumab govitecan as a third-line therapy for patients with metastatic triple-negative breast cancer in the United States. The company also develops IMMU-140 for treatment of hematologic malignancies; and IMMU-130 to treat Colorectal cancer. Its other product candidates includes epratuzumab, an anti-CD22 antibody; veltuzumab, an anti-CD20 antibody; milatuzumab, an anti-CD74 antibody; and IMMU-114, a HLA-DR antibody. Immunomedics, Inc. has clinical collaboration with AstraZeneca and MedImmune to evaluate Imfinzi, a human monoclonal antibody against PD-L1, with sacituzumab govitecan as a frontline treatment of patients with TNBC and urothelial cancer; collaboration agreement with GBG Forschungs GmbH to develop sacituzumab govitecan for the treatment of breast cancer; and clinical collaboration with F. Hoffman-La Roche Ltd to treat patients with metastatic or inoperable locally advanced TNBC versus atezolizumab plus nab-paclitaxel as standard of care. The company was founded in 1982 and is headquartered in Morris Plains, New Jersey. As of October 23, 2020, Immunomedics, Inc. operates as a subsidiary of Gilead Sciences, Inc.

IMMU Stock News Headlines

The Analyst Verdict: Gilead Sciences In The Eyes Of 12 Experts
Gilead to buy CymaBay in $4.3B deal for liver disease drug
Arvinas Appoints Jared Freedberg as General Counsel
Spate of Deal News Juices Start of This Week's Trading
See More Headlines
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Company Calendar

Last Earnings
8/05/2020
Today
6/10/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Diagnostic Substances
Sub-Industry
Biotechnology
Current Symbol
NASDAQ:IMMU
CUSIP
45290710
Fax
N/A
Employees
366
Year Founded
N/A

Profitability

Net Income
$-357,190,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$290,000.00
Price / Sales
70,028.66
Book Value
$1.38 per share

Miscellaneous

Free Float
N/A
Market Cap
$20.31 billion
Optionable
Optionable
Beta
2.90
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Key Executives

  • Dr. Behzad Aghazadeh Ph.D. (Age 49)
    Exec. Chairman
    Comp: $147.53k
  • Mr. Usama Malik (Age 45)
    CFO & Chief Bus. Officer
    Comp: $533.39k
  • Mr. Brendan P. Delaney (Age 45)
    Chief Commercial Officer
    Comp: $527.63k
  • Mr. Bryan Ball (Age 50)
    Chief Quality Officer
    Comp: $646.48k
  • Mr. William Fricker (Age 55)
    Principal Accounting Officer, Exec. Director & Corp. Controller
  • Ms. Phyllis Parker
    Director of Admin.
  • Dr. Chau Cheng
    Sr. Director of Investor Relations
  • Mr. Jared Freedberg (Age 52)
    Gen. Counsel & Corp. Sec.
  • Mr. Kurt J. W. Andrews (Age 51)
    Chief HR Officer
  • Dr. Loretta M. Itri (Age 70)
    Chief Medical Officer

Should I Buy Immunomedics Stock? IMMU Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Immunomedics, Inc.:

  • Immunomedics, Inc. recently announced a groundbreaking FDA approval for their latest cancer treatment, which is expected to significantly boost revenue and market share in the oncology sector.
  • The company's stock price has shown a steady upward trend over the past few quarters, indicating positive investor sentiment and potential for capital gains.
  • Immunomedics has a strong pipeline of innovative biopharmaceutical products in late-stage development, promising future growth and diversification.
  • Recent collaborations with leading research institutions have enhanced Immunomedics' research capabilities and positioned the company as a key player in cutting-edge medical advancements.
  • With a solid financial position and prudent management, Immunomedics is well-equipped to weather market fluctuations and capitalize on strategic opportunities for expansion.

Cons

Investors should be bearish about investing in Immunomedics, Inc. for these reasons:

  • Despite recent successes, Immunomedics faces intense competition in the biopharmaceutical industry, which could impact market share and profitability in the long run.
  • Regulatory uncertainties surrounding drug approvals and pricing policies may pose risks to Immunomedics' revenue streams and hinder investor confidence.
  • The company's heavy reliance on a few key products for revenue generation exposes it to market volatility and potential disruptions in product supply chains.
  • Fluctuations in research and development costs could impact Immunomedics' bottom line and strain financial resources, affecting shareholder returns.
  • Investing in biopharmaceutical companies like Immunomedics carries inherent risks related to clinical trial outcomes, regulatory compliance, and market acceptance of new treatments.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, June 8, 2024. Please send any questions or comments about these Immunomedics pros and cons to contact@marketbeat.com.

IMMU Stock Analysis - Frequently Asked Questions

How were Immunomedics' earnings last quarter?

Immunomedics, Inc. (NASDAQ:IMMU) released its earnings results on Wednesday, August, 5th. The biopharmaceutical company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.34) by $0.39. The biopharmaceutical company earned $20.07 million during the quarter, compared to the consensus estimate of $24.81 million.

What other stocks do shareholders of Immunomedics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Immunomedics investors own include Micron Technology (MU), NVIDIA (NVDA), Seagen (SGEN), Synergy Pharmaceuticals (SGYP), Novavax (NVAX), Gilead Sciences (GILD), Exelixis (EXEL), ImmunoGen (IMGN) and Intel (INTC).

This page (NASDAQ:IMMU) was last updated on 6/10/2024 by MarketBeat.com Staff

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