Genmab Builds Oncology Portfolio With $1.8B Deal

By Yeji Jesse Lee (April 3, 2024, 6:01 PM EDT) -- Danish biotechnology company Genmab announced Wednesday that it would acquire private cancer drugmaker ProfoundBio for $1.8 billion in cash, a move set to beef up Genmab's oncology portfolio and position the company as a competitor to other biotech companies that have made similar deals in the antibody drug conjugate space in recent months....

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