Genmab AS

GMAB: XCSE (DNK)

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Genmab: $8 Billion Deal to Acquire Merus Expands Cancer Pipeline; Shares Undervalued

Rachel Elfman

Oct 1, 2025

On Sept. 29, 2025, Genmab announced its plan to acquire Merus, a clinical-stage Dutch biotechnology company developing a drug for head and neck squamous cell carcinoma, for $8 billion in cash. The deal values Merus at $97 per share, representing a 41% premium to its closing price on Sept. 26.

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Genmab AS

Genmab: $8 Billion Deal to Acquire Merus Expands Cancer Pipeline; Shares Undervalued

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