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ImmunoGen, Oxford BioTherapeutics To Collaborate To Develop Novel Antibody-Drug Conjugates
ImmunoGen Inc. (IMGN), a developer of antibody-drug conjugates (ADCs) for the treatment of cancer, announced Monday a multi-year collaboration to research novel, first-in-class ADCs with clinical stage oncology company Oxford BioTherapeutics (OBT), utilizing ImmunoGen's proprietary linker-payload technology directed to novel targets identified via OBT's proprietary OGAP discovery platform.
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Sensex Plunges 1,457 Points On Fed Worries; Nifty Dips Below 15,800
Indian shares nosedived on Monday amid concerns that the U.S. Federal Reserve may raise interest rates aggressively to control inflation.
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Pound Depreciates On Weak U.K. GDP Data
The pound lost ground against its major counterparts in the European session on Monday, as the nation's economy shrank for the second straight month in April, sparking fears about the risk of a recession.
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European Shares Extend Losses On Growth Worries
European stocks fell sharply on Monday to extend losses from the previous session as hotter-than-expected U.S. inflation data along with news of a "ferocious" COVID-19 outbreak in Beijing's most populous district of Chaoyang sapped investors' appetite for riskier assets.
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Asian Shares Plunge On Inflation, COVID Worries
Asian stocks nosedived on Monday as hotter-than-expected U.S. inflation data coupled with news that China's capital Beijing is facing an "explosive" COVID-19 outbreak connected to a bar stoked concerns about global growth.
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Australian Dollar Weakens On Fed Tightening Fears
The Australian dollar fell against its major counterparts in the Asian session on Monday, as Asian stocks followed Wall Street lower on concerns that the Federal Reserve may pursue a more aggressive policy tightening to bring inflation down.
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UK GDP Falls For Second Straight Month1
The UK economy shrank for the second straight month in April after services, construction and production contributed negatively for the first time in more than a year, the Office for National Statistics said on Monday. Gross domestic product fell unexpectedly by 0.3 percent on month, faster than the 0.1 percent drop in March.
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