Analysts: Genmab’s first major acquisition fits the strategy

With the addition of three new candidates in clinical development, Genmab is strengthening its portfolio.
Photo: Medwatch/photo by Ulrich Quistgaard
Photo: Medwatch/photo by Ulrich Quistgaard
by MARKETWIRE ‎

Genmab’s acquisition of US-based Profoundbio fits well with the Danish biotech company’s strategy. The acquisition also gives Genmab access to a new technology and three candidates in clinical development that complement the existing portfolio, Søren Løntoft Hansen, Senior Analyst at financial institution Sydbank, told Marketwire.

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