Immunomedics was a biotechnology company focused on the development of antibody-drug conjugates for the treatment of cancer. In 2020, the company was acquired by Gilead Sciences.[1]

Immunomedics
Company typePublic
Nasdaq: IMMU
IndustryBiotechnology
FoundedJuly 1982; 42 years ago (1982-07)
FounderDavid M. Goldenberg
DefunctOctober 23, 2020; 4 years ago (2020-10-23)
HeadquartersMorris Plains, New Jersey
ParentGilead Sciences
Websitewww.immunomedics.com Edit this on Wikidata

History

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Immunomedics was founded in July 1982 by David M. Goldenberg.[2]

Michael Pehl was named CEO in December 2017 but left for personal reasons in February 2019.[3] At that time, Dr. Behzad Aghazadeh was named Executive Chairman.[4]

In October 2020, Gilead Sciences acquired the company.[1] In March 2022, Gilead announced the closing of the former Immunomedics facility in Morris Plains. [5]

Products

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References

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  1. ^ a b "Gilead Sciences Completes Acquisition of Immunomedics, Inc" (Press release). Business Wire. October 23, 2020.
  2. ^ Feuerstein, Adam (January 25, 2017). "Immunomedics Sale Hinges on Proxy Battle Over Fate of Controversial Founder". TheStreet.com.
  3. ^ Vinluan, Frank (February 28, 2019). "Immunomedics CEO Michael Pehl Resigns". Xconomy.
  4. ^ "Immunomedics Form 8-K". U.S. Securities and Exchange Commission. February 22, 2019.
  5. ^ "Gilead Sciences will lay off 114 staffers based out of former Immunomedics headquarters". 8 March 2022.
  6. ^ "FDA Approves New Therapy for Triple Negative Breast Cancer That Has Spread, Not Responded to Other Treatments" (Press release). Food and Drug Administration. April 22, 2020.
  7. ^ LEE, ARMIE MARGARET (May 5, 2017). "Immunomedics, Seattle Genetics Scrap License Deal". TheStreet.com.
  8. ^ Chen, X; Chang, C-H; Stein, R; Goldenberg, D M (October 24, 2011). "The humanized anti-HLA-DR moAb, IMMU-114, depletes APCs and reduces alloreactive T cells: implications for preventing GVHD". Nature. 47 (7): 967–980. doi:10.1038/bmt.2011.203. PMID 22020022. S2CID 8988947.