Berlin - Delayed Quote • EUR IGM Biosciences Inc. R (1K0.BE) Follow Compare 6.00 0.00 (0.00%) At close: January 10 at 8:28:02 AM GMT+1 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations IGM Biosciences downgraded to Hold from Buy at Jefferies Jefferies downgraded IGM Biosciences (IGMS) to Hold from Buy with a price target of $2, down from $48, after the company discontinued all clinical development of drugs in its autoimmune franchise and said it is evaluating internal options and strategic alternatives with the goal of maximizing value for its shareholders. Following the announcement, the firm removed clinical program revenue from its model and lowered its view of platform value to $50M, mostly related to the still-ongoing Sanofi (S IGM Biosciences Shares Drop 68% as Company Halts Key Programs and Cuts Workforce The company is reducing its workforce by 73% and evaluating strategic alternatives to preserve shareholder value. IMG Biosciences enacts massive lay-offs after Phase I trial failure Following the negative Phase I trial outcome for its autoimmune disease treatment, the company is cutting 73% of jobs. IGM Biosciences Provides Strategic Update on Autoimmunity Pipeline Programs – Company halting further development of imvotamab (CD20 x CD3) and IGM-2644 (CD38 x CD3) – – Company reducing its workforce by 73% – – Cash and investments of $183.8 million (unaudited) as of December 31, 2024 – MOUNTAIN VIEW, Calif., Jan. 09, 2025 (GLOBE NEWSWIRE) -- IGM Biosciences, Inc. (Nasdaq: IGMS), a biotechnology company committed to developing and delivering medicines to treat patients with autoimmune and inflammatory diseases, today announced a strategic update to halt further develop IGM’s autoimmune pivot backfires as top drug disappoints in testing The biotech will stop developing two drugs and lay off much of its staff after its lead therapy wasn’t as potent in early testing as the company expected. IGM Biosciences Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags IGM Biosciences ( NASDAQ:IGMS ) Third Quarter 2024 Results Key Financial Results Net loss: US$61.4m (flat on 3Q 2023... IGM Biosciences, Inc. (IGMS) Reports Q3 Loss, Tops Revenue Estimates IGM Biosciences (IGMS) delivered earnings and revenue surprises of -23.17% and 123.38%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock? IGM Biosciences Announces Third Quarter 2024 Financial Results and Provides Corporate Update – Imvotamab (CD20 x CD3) trials in rheumatoid arthritis, systemic lupus erythematosus and myositis ongoing; initial clinical data expected by mid-2025 – – IGM-2644 (CD38 x CD3) expected to enter clinical study for generalized myasthenia gravis by year-end 2024 – – Cash runway expected to fund operations into 2027 – MOUNTAIN VIEW, Calif., Nov. 08, 2024 (GLOBE NEWSWIRE) -- IGM Biosciences, Inc. (Nasdaq: IGMS), a clinical-stage biotechnology company creating and developing engineered IgM antibodies IGM Biosciences (NASDAQ:IGMS) Is In A Good Position To Deliver On Growth Plans There's no doubt that money can be made by owning shares of unprofitable businesses. For example, IGM Biosciences... IGM Biosciences to Present at Three Upcoming Investor Conferences MOUNTAIN VIEW, Calif., Nov. 04, 2024 (GLOBE NEWSWIRE) -- IGM Biosciences, Inc. (Nasdaq: IGMS), a clinical-stage biotechnology company creating and developing engineered IgM antibodies, today announced that management will present at three upcoming investor conferences: Guggenheim Healthcare Innovation Conference on Monday, November 11 at 11:30 a.m. EST in BostonStifel Healthcare Conference on Tuesday, November 19 at 12:40 p.m. EST in New YorkJefferies London Healthcare Conference on Thursday, No Top 1% Biotech, IGM Biosciences, Plummets On Scrapped Drug, C-Suite Makeover IGM stock crashed Tuesday after the biotech company scrapped development of a cancer drug and announced three of its executives stepped down. IGM Biosciences' New Found Focus: Pivots From Cancer To Autoimmune Diseases, Names New CEO On Tuesday, IGM Biosciences Inc. (NASDAQ:IGMS) announced a strategic pivot and pipeline transformation to accelerate and deepen its leadership in developing T cell-engaging IgM antibodies for autoimmune diseases. The company’s lead candidates include imvotamab, which is being developed for rheumatoid arthritis, systemic lupus erythematosus, and myositis, and IGM-2644, which is expected to enter a clinical study for generalized myasthenia gravis by the end of 2024. IGM to minimize future spending IGM lays off staff in autoimmune pivot; Metsera ramps up obesity drug supply IGM is the latest biotech to focus on the potential for T cell engagers to treat inflammatory conditions. Elsewhere, Metsera signed a manufacturing deal and UCB started a first-of-its-kind trial. IGM Biosciences Announces Strategic Pivot to Focus Exclusively on Autoimmunity – Company to prioritize its pipeline of T cell engagers in autoimmune diseases, including ongoing clinical development of imvotamab in rheumatoid arthritis and systemic lupus erythematosus – – Mary Beth Harler, M.D., appointed as Chief Executive Officer and to Board of Directors – – Cash runway extended into 2027 – – Company to hold conference call and webcast today at 4:30 p.m. EDT – MOUNTAIN VIEW, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- IGM Biosciences, Inc. (Nasdaq: IGMS), a clinical-stage While shareholders of IGM Biosciences (NASDAQ:IGMS) are in the black over 1 year, those who bought a week ago aren't so fortunate Passive investing in index funds can generate returns that roughly match the overall market. But you can significantly... IGM Biosciences (IGMS) Surges 11.6%: Is This an Indication of Further Gains? IGM Biosciences (IGMS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road. IGM Biosciences to Present at the Stifel 2024 Virtual Immunology and Inflammation Summit MOUNTAIN VIEW, Calif., Sept. 10, 2024 (GLOBE NEWSWIRE) -- IGM Biosciences, Inc. (Nasdaq: IGMS), a clinical-stage biotechnology company creating and developing engineered IgM antibodies, today announced that Fred Schwarzer, Chief Executive Officer, and Mary Beth Harler, M.D., Head, Research & Autoimmunity, will participate in a fireside chat at the Stifel 2024 Virtual Immunology and Inflammation Summit on Tuesday, September 17, 2024, at 9:00 a.m. EDT. A live webcast of the event will be available All You Need to Know About IGM Biosciences (IGMS) Rating Upgrade to Buy IGM Biosciences (IGMS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy). IGM Biosciences, Inc. (IGMS) Reports Q2 Loss, Lags Revenue Estimates IGM Biosciences (IGMS) delivered earnings and revenue surprises of -2,733.33% and 97.58%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock? IGM Biosciences Announces Second Quarter 2024 Financial Results and Provides Corporate Update – Enrollment complete in aplitabart randomized colorectal cancer clinical trial; top-line PFS results expected by the end of 1Q25 – – Second dose cohort cleared in imvotamab rheumatoid arthritis clinical trial – – First dose cohort cleared in imvotamab systemic lupus erythematosus clinical trial – MOUNTAIN VIEW, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- IGM Biosciences, Inc. (Nasdaq: IGMS), a clinical-stage biotechnology company creating and developing engineered IgM antibodies, today announced Performance Overview Trailing total returns as of 1/10/2025, which may include dividends or other distributions. Benchmark is S&P 500 Return 1K0.BE S&P 500 YTD -1.64% -1.35% 1-Year -36.84% +22.51% 3-Year -36.84% +24.59%