Genmab to Acquire Merus for $8 Billion, Adding Breakthrough Therapy Petosemtamab to Pipeline
Reuters
Sep 29
Genmab to Acquire Merus for $8 Billion, Adding Breakthrough Therapy Petosemtamab to Pipeline
Genmab A/S announced that it has entered into an agreement to acquire Merus N.V., a clinical-stage biotechnology company, for USD 97.00 per share in an all-cash deal valued at approximately USD 8.0 billion. The boards of directors of both companies have unanimously approved the transaction, which is expected to close in the first quarter of 2026. The proposed acquisition will add petosemtamab, a late-stage asset with two Breakthrough Therapy Designations currently in Phase 3 development, to Genmab's portfolio. Genmab stated that the transaction is anticipated to be accretive to EBITDA by the end of 2029 and will not impact its financial guidance for the full year 2025.
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