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GMAB

Genmab

$22.55 /

-0.18 (-0.79%)

, JNJ

Johnson & Johnson

$149.40 /

+0.33 (+0.22%)

06:39
01/22/20
01/22
06:39
01/22/20
06:39

Genmab: 2019 worldwide net trade sales of DARZALEX $2.998B

Genmab (GMAB) announced that worldwide net trade sales of DARZALEX as reported by Johnson & Johnson (JNJ) were $2.998B in 2019. Net trade sales were $1.567B in the U.S. and net trade sales in the rest of the world were $1.430B. Genmab receives royalties on the worldwide net sales of DARZALEX as calculated on the basis of the license agreement terms under the exclusive worldwide license to Janssen Biotech to develop, manufacture and commercialize DARZALEX. Worldwide net trade sales of DARZALEX in 2018 were $2.025B, resulting in royalty income of DKK 1.708B to Genmab. Genmab has also achieved a $150M sales volume milestone payment triggered by sales of DARZALEX reaching $3B in the calendar year of 2019 as calculated on the basis of the license agreement terms. "We are extremely pleased that DARZALEX continued its solid sales growth in 2019, as it is indicative of the strong benefit DARZALEX provides across its many indications in multiple myeloma," said Jan van de Winkel, Ph.D., CEO of Genmab. "We are grateful to our partner for DARZALEX, Janssen, and their continued efforts to ensure that this treatment is made available to all the many patients who might benefit from it."

GMAB

Genmab

$22.55 /

-0.18 (-0.79%)

JNJ

Johnson & Johnson

$149.40 /

+0.33 (+0.22%)

  • 22

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GMAB Genmab
$22.55 /

-0.18 (-0.79%)

01/13/20 SunTrust
Genmab initiated with a Buy at SunTrust
01/02/20 Guggenheim
Incyte downgraded to Neutral after strong 2019 at Guggenheim
12/12/19 Deutsche Bank
Genmab downgraded to Hold from Buy at Deutsche Bank
10/04/19 Guggenheim
Guggenheim positively biased on Biotech heading into earnings
JNJ Johnson & Johnson
$149.40 /

+0.33 (+0.22%)

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01/09/20 JMP Securities
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Johnson & Johnson price target raised to $165 from $155 at Wells Fargo

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