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home / news releases / GMAB - ProfoundBio Discovers The Joys Of Having A Wealthy Owner

GMAB - ProfoundBio Discovers The Joys Of Having A Wealthy Owner

Genmab A/S

2024-04-08 15:15:00 ET

Summary

  • Cancer treatment maker ProfoundBio announced it will be purchased by Denmark’s Genmab for $1.8 billion.
  • The deal is the fourth acquisition of a China-related innovative drugmaker by a foreign company in the last four months.
  • The deal comes just two months after ProfoundBio announced it raised $112 million in its B-series funding.

The company has become the latest in a recent string of China-related innovative drug makers to be purchased by larger foreign buyers. ...

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ProfoundBio Discovers The Joys Of Having A Wealthy Owner
Stock Information
Company Name: Genmab A/S
Stock Symbol: GMAB
Market: NYSE
Website: genmab.com
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