Genmab A/S has secured a broad antibody agreement with AbbVie Inc to develop up to seven new cancer products, putting it in a pole position to exploit new opportunities for therapies treating both solid tumours and haematological malignancies. Under the deal, the Denmark-based company will receive a $750 million upfront payment from AbbVie and is eligible for milestone payments potentially reaching $3.15 billion. Significantly, Genmab will have a 50% share of pre-tax profits from any future product sales as well as a say in decision-making.
