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Genmab/AbbVie’s Epcoritamab Advances As Deal Bears Fruit

Danish Biotech Banks $40m milestone payment

 
• By Alexandra Shimmings

The Danish company pockets $40m as the lead asset in the potential multi-billion dollar deal with AbbVie for bi-specific antibodies progresses into Phase III, and while it looks to build up its commercial infrastructure.    

Array of blood samples for microscopy and biopsy tissue on blue gradient background
• Source: Shutterstock

Genmab A/S has secured a first milestone payment of $40m from AbbVie Inc.as its investigational bi-specific antibody product epcoritamab moves Phase III. The product was the centerpiece of the two firms’ potential $3.15bn deal announced last June to jointly develop and commercialize three bispecific antibody candidates for cancer.

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