The market is currently underestimating the underlying potential of a couple of Lundbeck's drugs, according to Norwegian financial services group DNB, which raises its share price target to DKK 305 (USD 49.3) from DKK 280 and reiterates its recommendation to buy.
As an example, DNB sees great value in the development of Rexulti for new treatment areas.
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In 2015, Genmab partnered with relatively unknown biotech firm Biontech. Reflecting on how far Genmab has come since, CEO Jan van de Winkel is still confident that partnerships, rather than acquisitions, are the way forward. If it had acquired Biontech at the time, the CEO speculates Genmab may have put a stop to other activities – including the Covid-19 vaccine efforts that went on to save millions of lives. This and fairness are worth remembering as biotech firms are increasingly strapped for cash, van de Winkel reflects.