Copenhagen, Denmark; February 4, 2010 – Genmab A/S (OMX: GEN) announced today that it has closed a license agreement under which Genmab has granted exclusive worldwide rights to develop and commercialize zanolimumab (HuMax-CD4®) to TenX Biopharma, Inc.

Under the terms of the agreement, Genmab receives a payment of USD 4.5 million and will be entitled to milestones and royalties on sales of zanolimumab. TenX Biopharma will be responsible for all future costs of developing, manufacturing and commercializing zanolimumab.

“Genmab is pleased to find a partner who wishes to take zanolimumab forward in development,” said Lisa N. Drakeman, Ph.D., Chief Executive Officer. “This is good news for patients who may one day benefit from treatment with zanolimumab.”

“Zanolimumab has promise for treatment of patients with T cell cancers, and potential in other cancer types for which existing therapies are inadequate”, said Gardiner F.H. Smith, Chief Executive Officer of TenX Biopharma. “We are building a pipeline of new medicines for high unmet need, with a focus on the patient through business efficiency”

Asher Nathan, Managing Partner of Zoticon Bioventures, and lead investor in TenX, said “TenX and zanolimumab represent the fourth late stage drug funding which we’ve led in the past two years. I’m delighted that this important product will be available in the future, and look forward to the management team at TenX continuing to build value with novel cancer therapeutics.”