Report
Victor Floc’h

GENMAB: Janssen is putting Darzalex royalties at risk and bring lots of volatility | SELL vs. NEUTRAL | Under Review

GENMAB - SELL vs. NEUTRAL | Under Review
Janssen is putting Darzalex royalties at risk and bring lots of volatility

Arbitration over two issues to Darzalex license agreement
Janssen wants Genmab to contribute to Halozyme’s payments
Duration of the royalties could have a way bigger impact
Tisotumab Vedotin ready for accelerated approval
Underlying
Genmab A/S

Genmab is a biotechnology company specializing in the creation and development of differentiated human antibody therapeutics focused on the treatment of cancer. Co.'s product pipeline includes one marketed product, Arzerra, daratumumab in late stage clinical development, four antibodies in clinical development, and over 20 in-house and partnered pre-clinical programs. Co.'s Arzerra (ofatumumab) is a human monoclonal antibody which targets an epitope on the CD20 molecule. Co.'s proprietary technologies include the DuoBody technology, which creates antibodies that can target two molecules at once, and the HexaBody technology, which allows for the creation of more potent antibodies.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Victor Floc’h

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