Genmab's commercial stockpile
Since the start of the year, Genmab A/S has been mulling whether to exercise an option under a 2006 deal with GlaxoSmithKline plc to co-promote cancer antibody HuMax-CD20 ofatumumab. Recent developments in two other alliances may have tipped the scales towards pulling the trigger on building the commercial infrastructure.
Until the company's December deal with GlaxoSmithKline (LSE:GSK; GSK, London, U.K.), all of the biotech's deals were done in exchange for royalties but lacked co-promotion rights. The GSK deal includes