Maintaining Genmab's DKK 1,150 FVE With Continued 3Q Growth of Darzalex; Shares Fairly Valued
We are maintaining our DKK 1,150 per share for Genmab, as third-quarter performance tracked our expectations. We incorporated the company’s $25 million milestone payment from its partner J&J for the first commercial sale of Darzalex in Japan. Our estimates fall at the high end of management’s updated guidance, which reflects the milestone accrued in the fourth quarter. Positive interim results from Genmab’s first front-line multiple myeloma pivotal trial evaluating Darzalex in combination wi...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.
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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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