Cambridge, MA-based ImmunoGen (NASDAQ: [[ticker:IMGN]]) has snagged a $1.5 million milestone payment from Biogen Idec (NASDAQ: [[ticker:BIIB]]), the latest in a string of positive signs for a company that has struggled for decades, as David described last week. The payment was triggered by Biogen filing for FDA permission to being clinical trials of an anti-tumor agent that combines the two companies’ technologies.
Author: Rebecca Zacks
Rebecca is Xconomy's co-founder. She was previously the managing editor of Physician's First Watch, a daily e-newsletter from the publishers of New England Journal of Medicine. Before helping launch First Watch, she spent a decade covering innovation for Technology Review, Scientific American, and Discover Magazine's TV show. In 2005-2006 she was a Knight Science Journalism Fellow at MIT. Rebecca holds a bachelor's degree in biology from Brown University and a master's in science journalism from Boston University.
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