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IGM Biosciences moved to No Rating at BofA

BofA moves to No Rating from Underperform on IGM Biosciences (IGMS) after the company announced an agreement to be acquired by Concentra Biosciences for $1.247 per share in cash and a variable non-tradable contingent value right. IGM shares are no longer trading on fundamentals following the deal announcement, the analyst says.

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