SGEN continues flying to another new high $39, IMGN the value dog is barely being dragged along kicking and screaming with no volume, no conviction. IMGN needs to beat $15.5, after that there's no resistance until the magic dilution number $16 again.
SGEN should buy IMGN and fire everyone except John Lambert and the discovery group. This would be a very smart move for them adding a large pipeline, approved product, cash, cash flow, added platform/tools, add discovery talent, it's a win:win. I would take a lower price and keep the stock if SGEN gained control, especially if the event was not taxable.