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Mergers & Acquisitions
Genmab to acquire ADC maker ProfoundBio
by Rowan Walrath
April 8, 2024
| A version of this story appeared in
Volume 102, Issue 11
Genmab is slated to acquire antibody-drug-conjugate (ADC) developer ProfoundBio for $1.8 billion. The Danish pharma firm will gain three clinical-stage drug candidates: rinatabart sesutecan, an ADC that targets folate receptor α in ovarian cancer and other solid tumors; PRO1160, an ADC that targets CD70 in kidney and nasopharyngeal cancers and non-Hodgkin’s lymphoma; and PRO1107, an ADC that targets the enzyme PTK7 in solid tumors. Genmab will also inherit ProfoundBio’s ADC development platforms.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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