Latest on Genmab and Janssen daratumumab arbitration

21 April 2023

Danish biotech Genmab (Nasdaq: GMAB) today announced an award in the second arbitration relating to its license agreement with Janssen Biotech.

The first dispute came about in 2020 after Janssen started reducing payments by what it claimed to be Genmab’s share of eligible payments to Halozyme Therapeutics (Nasdaq: HALO).

The latest arbitral tribunal dismissed Genmab’s claims, on the basis that they should have been brought in the first arbitration. One of the three arbitrators dissented. Genmab has the right to seek review of the award, which it must do within a limited period of time. Genmab is currently considering its options.

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