Immunomedics Rise Too Much As Seattle Genetics Deal Terminated?
Shares of Immunomedics Inc. (NASDAQ: IMMU) saw a massive gain on Friday after the company announced the termination of its licensing deal with Seattle Genetics Inc. (NASDAQ: SGEN). It may seem counterintuitive that shares would rise after such an announcement. So 24/7 Wall St. has taken a closer look at the report to see if this rise is justified.