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Stock impact report

Genmab shelves Phase III lung cancer candidate [Yahoo! Finance]

Genmab A/S - American Depositary Shares (GMAB) 
Company Research Source: Yahoo! Finance
Genmab remained brief on details, saying the decision was made as part of a “strategic focus on the most value-creating opportunities” in its pipeline. The pharma company also conducted a “thorough assessment of the evolving competitive landscape”, which resulted in the acasunlimab programme being axed. The pipeline prioritisation move is not expected to impact the company's full-year 2025 financial guidance. While Genmab stated that the cancer candidate's clinical profile has been encouraging, the company will instead pivot its focus to other oncology antibodies. This includes Epkinly (epcoritamab), petosemtamab and rinatabart sesutecan (Rina-S), which are in late-stage trials. The company only gained access to petosemtamab recently via its $8bn acquisition of Merus in September. Genmab's CEO Jan van de Winkel said: “Although the data have been encouraging, the compelling opportunities we see in our late-stage pipeline led us to focus our investments where we believe we can deli Show less Read more
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