Danish pharmaceutical company Genmab has agreed to acquire Dutch firm Merus, a developer of cancer therapies, for USD 8 billion, equivalent to nearly SEK 75 billion.
The acquisition will allow for Copenhagen-based Genmab to add petosemtamab to its portfolio. This drug candidate has shown promising results in Phase II trials and is now being tested in Phase III as a treatment for head and neck cancer.
Petosemtamab has received two Breakthrough Therapy Designations from the U.S. Food and Drug Administration (FDA) — both as a monotherapy and in combination with pembrolizumab (Keytruda).
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