Report
Dylan Van Haaften

GENMAB | SELL | DKK2000 Darza trajectory and arbitration in consensus, epco, and hex now on the agenda

GENMAB | SELL | DKK2000
Darza trajectory and arbitration in consensus, epco, and hex now on the agenda
• The direction of arbitration is now clear, the full-resolution timeline set for the end of ‘22
• Consensus implies USD7.6bn in ‘22e sakes
• We re-iterate Sell and DKK2000 TP
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
Dylan Van Haaften

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