Genmab Reports Solid 3Q With Darzalex Growth; Maintaining FVE of DKK 1,160
No-moat Genmab's third-quarter results were mostly in line with our expectations, posting DKK 599 million in total revenue, an 85% increase from last year due to strong uptake of Darzalex globally. Operating expenses have increased from last year as well, with third-quarter expenses reaching DKK 398 million, up 50% from last year. The firm maintained full-year guidance, and after some minor near-term adjustments, we are maintaining our fair value estimate of DKK 1160 per share.On Aug. 31, Genm...
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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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