Genmab acquires Merus for $8 billion in cash. Acquisition enhances Genmab's oncology portfolio significantly. Petosemtamab is a late-stage cancer therapy. Strategic growth can positively impact GMAB's market position. Investment reflects confidence in cancer therapeutics market.
FDA approves MRUS's Bizengri for advanced pancreatic cancer and NSCLC. Bizengri shows 40% ORR in pancreatic adenocarcinoma, 33% in NSCLC. Approval based on eNRGy trial; confirmatory trials needed for continued use. Projected U.S. sales for Bizengri around $16.5 million with $30,000 pricing. MRUS stock fell 3.70% following FDA approval announcement.