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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Tue., Apr. 16, 5:19 PM

Slide #93. Genmab A/S ProfoundBio

Acquirer: Genmab A/S (NASDAQ:GMAB)
Acquiree: ProfoundBio
Details: Genmab A/S (NASDAQ:GMAB) and ProfoundBio, Inc. announced today that the companies have entered into a definitive agreement for Genmab to acquire ProfoundBio in an all-cash transaction. 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 FR_-expressing solid tumors. Genmab will acquire ProfoundBio for USD 1.8 billion in cash, payable at closing (subject to adjustment for ProfoundBio's closing net debt and transaction expenses).

Genmab is a biotechnology company specializing in the creation and development of differentiated human antibody therapeutics focused on the treatment of cancer. Co.'s proprietary pipeline, includes bispecific T-cell engagers, immune checkpoint modulators, effector function improved antibodies and antibody-drug conjugates. Co. has seven product candidates in clinical development: tisotumab vedotin, epcoritamab, DuoBody-PD-L1x4-1BB (GEN1046), DuoBody-CD40x4-1BB (GEN1042), DuoHexaBody-CD37 (GEN3009), HexaBody-CD38 (GEN3014) and DuoBody-CD3xB7H4 (GEN1047). Co.'s portfolio also includes four antibody technology platforms: DuoBody, HexaBody, DuoHexaBody, and HexElect.

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Company Name:  Genmab A/S
Website:  www.genmab.com
Sector:  Biotechnology
Number of ETFs Holding GMAB:  11
Total Market Value Held by ETFs:  $37.35M
Total Market Capitalization:  $1.11B
% of Market Cap. Held by ETFs:  3.37%
 

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April 16, 2024    5:19 PM Eastern
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Buy (2.75 out of 4)
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