BioCentury
PODCAST | Deals

Genmab’s $8B deal, GSK’s CEO switch and U.S. drug pricing — a BioCentury podcast 

Danish pharma returns to M&A to push its new strategy ahead

September 30, 2025 12:50 AM UTC

An $8 billion acquisition of multispecifics company Merus N.V. (NASDAQ:MRUS) by Genmab A/S (CSE:GMAB; NASDAQ:GMAB) is the Danish biotech’s largest step toward marketing its own pipeline. On the latest BioCentury This Week podcast, BioCentury’s analysts discuss the evolution of Genmab, which, for many years, relied on a partnership model that delivered blockbuster revenues but now is making a change as a patent cliff looms.

The analysts also assess the tenure of Emma Walmsley the longtime CEO of GSK plc (LSE:GSK; NYSE:GSK), and what’s next for the U.K. pharma under incoming CEO Luke Miels. Turning to the U.S., Washington Editor Steve Usdin discusses President Donald Trump’s looming tariff threat on imports of branded drugs, which Usdin says would hurt small biotechs the most. Usdin also analyzes the response of multinational pharmaceutical companies to the president’s demand that they make “most favored nation” price concessions, now that Monday’s deadline has passed.