MacroGenics downgraded at BMO after discontinuation of cancer trial [Seeking Alpha]
MacroGenics, Inc. (MGNX)
Last macrogenics, inc. earnings: 11/6 04:01 pm
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Source: Seeking Alpha
MacroGenics downgraded at BMO after discontinuation of cancer trialJul. 11, 2022 2:48 PM ETMacroGenics, Inc. (MGNX)By:Dulan LokuwithanaSA News EditorPgiam/iStock via Getty ImagesBMO Capital has downgraded MacroGenics (NASDAQ:of the head and neck. The price target lowered to $4 from $31 per share implies a premium of ~14% to the last close.The company said it halted the CP-MGA271-06 study for a therapeutic combination involving monoclonal antibody enoblituzumab after a safety review revealed seven fatalities, including one potentiallyrelated to the experimental therapy.Acknowledging that enoblituzumab was not a key contributor to its previous valuation BMO analysts argue: â??â?¦.the update has eroded our confidence in MGNX's ability to address the unresolved safety issuesâ? with an antibody-drug conjugate called B7H3.The companyâ??s platform, consisting of multiple clinically active molecules and the commercial program, Margenza appears to have no program, with the potential to act a
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News
- MacroGenics, Inc. (NASDAQ: MGNX) was upgraded by analysts at TD Cowen from a "hold" rating to a "buy" rating.MarketBeat
- MacroGenics: Positive Safety Update Leads To Two Major Inflection Points In 2024 [Seeking Alpha]Seeking Alpha
- ARCA biopharma, Achilles Therapeutics, MSP Recovery among healthcare movers [Seeking Alpha]Seeking Alpha
- MacroGenics, Inc. (NASDAQ: MGNX) had its "market outperform" rating re-affirmed by analysts at JMP Securities.MarketBeat
- MacroGenics gains after mid-stage data for antibody drug conjugate [Seeking Alpha]Seeking Alpha
MGNX
Earnings
- 11/6/23 - Beat
MGNX
Sec Filings
- 4/8/24 - Form 4
- 4/8/24 - Form ARS
- 4/8/24 - Form DEFA14A
- MGNX's page on the SEC website