Genmab ups 2016 guidance on hopes of Darzalex royalties

20 April 2016

Danish biotech firm Genmab (OMX: GEN) is improving its financial guidance published on February 17, 2016, the company announced this morning.

The improved guidance is driven by the anticipation of increased royalty income related to the sales of multiple myeloma drug Darzalex (daratumumab) by Genmab’s collaboration partner Janssen Biotech, a subsidiary of US health care giant Johnson & Johnson (NYSE: JNJ), and the rapid uptake of the product since launch.

“We are pleased to improve our 2016 financial guidance based on the robust level of Darzalex sales that we have seen since the product’s launch in November 2015,” said Jan van de Winkel, chief executive of Genmab.

This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK