BRIEF—Genmab updates 2024 financial guidance

9 August 2024

Denmark’s Genmab has updated its 2024 financial guidance last published in May, following the acquisition of ProfoundBio.

It now expects its 2024 revenue to be in the range of 20.5 – 21.7 billion Danish kroner ($3.0 - $3.2 billion, an increase to the previous guidance of 18.7– 20.5 billion kroner, driven by higher royalties and reimbursement revenue.

This increase in Genmab’s revenue reflects the continued strong growth of Darzalex (daratumumab) and Kesimpta (ofatumumab) net sales.

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