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The Boston Globe

Business

Prospects diverge for 2 experimental drugs

Prospects for two experimental drugs important to Massachusetts biotechnology companies diverged Monday, with one moving forward and the other facing a delay.

ImmunoGen Inc. of Waltham said its partner, the Genentech division of Swiss drug maker Roche AG, has applied to the Food and Drug Administration for approval of a promising breast cancer drug using ImmunoGen’s technology. If the agency grants accelerated approval for the drug, it could be on the market by early next year.

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