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Genmab Lands Experienced Partner AbbVie In Broad Bispecific Antibody Collaboration

 
• By Jessica Merrill

AbbVie will pay $750m up front plus up to $3.15bn in milestone fees to jointly develop and commercialize three bispecific antibody candidates for cancer and an earlier drug discovery collaboration.

Genmab Office Copenhagen - close up
Genmab hopes to grow into a commercial company • Source: Genmab

Danish antibody developer Genmab AS has landed AbbVie Inc. as a big pharma partner to jointly develop and commercialize three of its next-generation bispecific antibody candidates for cancer, including epcoritamab for B-cell malignancies. The companies announced the broad collaboration on 10 June, under which AbbVie agreed to pay $750m upfront and potential milestone payments of up to $3.15bn.

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