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flag Johnson & Johnson halts development of Genmab's multiple myeloma drug, GEN3014, citing development issues.

flag Johnson & Johnson (J&J) will not pursue the development and commercialization of Genmab's drug HexaBody-CD38 (GEN3014) for multiple myeloma, leading Genmab to halt its further clinical development despite initial promising data. flag Genmab's CEO expressed confidence in the company's other antibody therapeutics in development, including EPKINLY® and two Phase 3 assets. flag This decision does not affect Genmab's 2025 financial outlook.

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