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BioWorld - Sunday, April 12, 2026
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Home » Argenx stock climbs on $1.8B cusatuzumab deal with J&J
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Argenx stock climbs on $1.8B cusatuzumab deal with J&J

Dec. 4, 2018
By Cormac Sheridan
DUBLIN – Shares in Argenx NV rose as much as 15 percent Monday on news of an oncology license agreement with the Cilag GmbH International arm of Johnson & Johnson involving its CD70-directed antibody cusatuzumab, in which it is receiving $300 million up front plus another $200 million as equity investment. Argenx could also receive up to $1.3 billion more in development, regulatory and sales milestones, while retaining the right to co-promote the drug in the U.S on a 50/50 basis. It would receive tiered double-digit royalties on ex-U.S. sales.
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