Genmab cuts jobs, drops zanolimumab
Copenhagen, Denmark-based Genmab A/S, which has recently posted deeper first-half 2008 loss and forecast a full-year deficit of 800.0 million kroner ($146.0 million; Marketletter September 8), says that it is discontinuing development of zanolimumab (HuMax-CD4). In addition, as a result of a portfolio review and assessment of the organization, Genmab is reducing its headcount by 101. These decisions are not expected to have a material effect on this year's guidance.
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