Janssen partners with MacroGenics in up to $625 million deal

23 December 2014

Shares of US biotech firm MacroGenics (Nasdaq: MGNX) rocketed 11.7% to a 10-month high of $38.58 yesterday, on the news of a global collaboration and license agreement for MGD011 with Janssen Biotech, a subsidiary of US health care giant Johnson & Johnson (NYSE: JNJ).

This product candidate incorporates MacroGenics' proprietary platform for Dual-Affinity Re-Targeting (DART) to simultaneously target CD19 and CD3 for the potential treatment of B-cell malignancies.

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