ImmunoGen (IMGN) Sells 7.8M Shares To Ziff Asset Management at $3.20/Sh

June 23, 2008 7:06 AM EDT

ImmunoGen, Inc. (Nasdaq: IMGN) announced that Ziff Asset Management, L.P. has purchased approximately 7.8 million shares of ImmunoGen’s common stock at $3.20 per share.

Proceeds to ImmunoGen from the offering, net of estimated expenses, are expected to be approximately $24.7 million.

Shares of ImmunoGen closed at $3.01 per share on Friday.


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