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Why MacroGenics Stock Is Tanking Today

·2-min read
Why MacroGenics Stock Is Tanking Today
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Shares of MacroGenics (NASDAQ: MGNX) were tanking by 19.7% as of 12:22 p.m. ET on Wednesday. MacroGenics reported Q1 revenue of $11.1 million, with $3.6 million in sales of breast cancer drug Margenza and the rest from collaborative agreements. It's not surprising that the MacroGenics stock fell after it missed Q1 estimates.

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