Analyst: Novartis's Kesimpta sales exceeded expectations

Genmab may upgrade its financial guidance after the biotech company's partner made more sales than expected of sclerosis drug Kesimpta, a Sydbank analyst predicts.
Photo: Sydbank/PR
Photo: Sydbank/PR
by marketwire, translated by catherine brett

Novartis's sales of Genmab-developed drug Kesimpta were better than both the analyst consensus estimate and Sydbank's prediction, which could mean an upgrade to its financial guidance is on the way from Genmab, Senior Analyst Søren Løntoft Hansen states.

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