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Genmab to Acquire ProfoundBio for $1.8B

Gains three candidates in clinical development, including Rina-S, plus ProfoundBio’s novel ADC technology platforms.

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By: Kristin Brooks

Managing Editor, Contract Pharma

Genmab entered into a definitive agreement to acquire ProfoundBio, Inc. for $1.8 billion in cash. ProfoundBio is a privately-owned clinical-stage biotechnology company developing next-generation ADCs and ADC technologies for the treatment of certain cancers, including ovarian cancer and other FRα-expressing solid tumors.    The transaction expands Genmab’s mid- to late-stage clinical pipeline and strengthens its validated suite of technology platforms. Genmab also gains worldwide rights to Pro...

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