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How J&J deal could be game-changing for Genmab's antibody turnaround
Monday, September 10, 2012
A/S's deal with Johnson
& Johnson for daratumumab is another sign the Danish biotech is
making good on a two-year-old pledge to increase partnering and focus on new
antibody technologies. The deal also gives Genmab the financial runway it needs
to reach Phase III data readouts that could significantly expand the label for
its one marketed drug, Arzerra ofatumumab.
In September 2010, under the
leadership of then new President and CEO Jan van de Winkel, the biotech pared
back its commercial and clinical development ambitions. Genmab had been seeking
to establish its own sales force and was taking internal programs into
late-stage development alone.
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