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BioWorld - Saturday, February 21, 2026
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Home » $96M committed: Affimed shares surge 150% on potential $5.1B Genentech deal
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$96M committed: Affimed shares surge 150% on potential $5.1B Genentech deal

Aug. 29, 2018
By Cormac Sheridan
DUBLIN – Shares in Affimed NV (NASDAQ:AFMD) surged 150 percent during premarket trading Tuesday on news of an alliance with Genentech to develop bispecific drugs that will direct a natural killer (NK) cell response against multiple solid and hematological tumors. Heidelberg, Germany-based Affimed is getting $96 million in up-front and guaranteed near-term funding and could earn as much as $5 billion from development, regulatory and commercial milestones.
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