Big pharma, Biotech, Partnering

Genmab surges over Johnson & Johnson pharma partners pact

Posted on 31 August 2012

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Johnson & Johnson, a big pharma company inked a pharma partners licensing pact with Genmab for its experimental treatment for multiple myeloma.
The pharma partners agreement with J&J’s Janssen unit for daratumumab may be worth at least $1.1 billion, including an upfront payment of $55 million, milestone payments, and an $80 million equity investment

Daratumumab is a monoclonal antibody that may have potential in treating other types of cancers such as acute myeloid leukemia.

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