Janssen prevails in Darzalex dispute with Genmab

8 April 2022

Danish firm Genmab (CPH: GMAB) was trading nearly 4% lower on Friday afternoon after the company lost out in a dispute with the Johnson & Johnson (NYSE: JNJ) subsidiary Janssen.

Genmab announced that there had been an award in the binding arbitration of two matters arising under its license agreement with Janssen relating to daratumumab, a multiple myeloma drug branded as Darzalex that had global sales exceeding $6 billion last year.

The arbitral tribunal issued an award on Thursday, deciding both issues in favor of Janssen, although Genmab has the time-limited right to appeal and is currently considering its options.

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