MedWatch

US biotech firm ramps up collaboration with Genmab after dropping drug candidate

Bolt Biotherapeutics, a California-based company, is scaling down efforts with one of its cancer candidates to instead increase work on the technology platform that caught Genmab’s eye when it partnered with the firm.

Photo: Shepherd Zhou/AP/Ritzau Scanpix

Genmab has felt the economic consequences of California-based Bolt Biotherapeutics having progressed less than desirably in past years.

In connection with a partnership deal, the Danish biotech firm entered the ownership circle of Bolt in 2021 with a share investment of USD 15m – an investment now worth less than USD 2m.

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