Genmab A/S To Receive Milestone Payment In Duobody Platform Collaboration With Janssen Biotech Inc. – Financial Guidance Improved
Published: Dec 06, 2013
Copenhagen, Denmark; December 6, 2013 – Genmab A/S (OMX: GEN) announced today it has reached a new milestone in its DuoBody technology platform collaboration with Janssen Biotech, Inc. (“Janssen”), triggering a $4 million milestone. The milestone payment is for pre-clinical progress on the EM1-mAb DuoBody product which targets EGFr and cMet, two validated targets for cancer therapy.
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