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Genmab Strikes $8 Billion Deal To Acquire Cancer-Focused Merus
Investors·2025-09-29 13:03

BREAKING: Futures Climb With Tesla Deliveries, September Payrolls On Tap Genmab (GMAB), on Monday, announced its plan to buy cancer-focused biotech company Merus (MRUS) for about 8billion.ThenewssentMerusstockintothestratosphere.Merusisworkingonadrugcalledpetosemtamab,whichcansimultaneouslyblocktwodriversofcancer.Itsmostadvancedprogramisinheadandneckcancer,butMerusisalsotestingthedruginpatientswithmetastaticcolorectalcancer.Petosemtamabcouldgenerate8 billion. The news sent Merus stock into the stratosphere. Merus is working on a drug called petosemtamab, which can simultaneously block two drivers of cancer. Its most advanced program is in head-and-neck cancer, but Merus is also testing the drug in patients with metastatic colorectal cancer. Petosemtamab could generate 3 bi ...