Speculation that GSK may acquire Genmab
With the recent flurry of activity of drug majors trying to buy up smaller development partners - such as Bristol-Myers Squibb/ImClone and Roche/Genentech (Marketletters passim and page 3 this issue), the latest rumors suggest that UK giant GlaxoSmithKline is interested in acquiring Danish company Genmab.
GSK already has a 9.9% stake in Genmab, now valued at around 13.1 billion Danish kroner ($2,37 billion), via its 2006, 582.0 million kroner licensing deal to develop and commercialize HuMax CD 20 (ofatumumab), as well as buying 2.03 billion kroner-worth of its shares.
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