Genmab acquires privately-owned Profoundbio in USD 1.8 billion deal

The acquisition is made in an all-cash transaction.

Genmab has acquired the American biotech company Profoundbio for a total price of USD 1.8 billion, Genmab announces on Wednesday.

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Genmab's USD 1.8 billion bet on Profoundbio aims for blockbuster returns
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Analysts: Genmab’s first major acquisition fits the strategy
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