
Genmab shelves Phase III lung cancer candidate

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Genmab has discontinued the development of acasunlimab, a bispecific antibody for lung cancer, after a strategic review of its pipeline. The company will focus on other oncology candidates, including Epkinly and petosemtamab, which are in late-stage trials. CEO Jan van de Winkel emphasized the need to prioritize investments in high-value opportunities. Despite the decision, Genmab's financial guidance for 2025 remains unchanged. Analyst Matt Phipps supports the move, citing concerns over the survival data from acasunlimab's trials, while highlighting the potential of Genmab's other assets.
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