MedWatch

Genmab to take at least one new product to phase III in 2021

Genmab is boosting investments in the company's pipeline, and aside from supporting current star candidates, the investments are meant to lead one more product – at least – to late-stage trials, according to CEO Jan van de Winkel.

Genmab CEO Jan van de Winkel | Photo: Stine Bidstrup/ERH

Last year, when Genmab presented its annual financial report, the firm predicted that it would need an additional DKK 1bn (USD 163.7m), at least, to spend on its development.

This development has continued at the Danish biotech company. Genmab informs that it expects to add around DKK 2bn to its expenses for 2021, which is estimated to land at around DKK 5.5-5.8bn.

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