Analyst: Genmab's progress with the FDA sends a positive signal

It's not surprising that the US FDA has accepted Genmab's application for the drug tisotumab vedotin, but it's a feather in the company's cap that the application received priority review status.

Photo: Joost Melis / Genmab / PR

Genmab will probably manage better than the general stock market on Monday following the firm's Friday announcement that the US Food and Drug Administration (FDA) has accepted treating its – and Seagen's – biologics license application for the drug tisotumab vedotin in the US.

This is the view of Senior Equity Analyst at Danish bank Sydbank Søren Løntoft Hansen on this drug for treating recurrent or metastatic cervical cancer.

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