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Genmab increases income in Q3 and maintains upgraded full-year guidance

Genmab, which recently upgraded its 2021 financial guidance, ended the third quarter with significant progress on both the top and bottom lines compared to the same period last year.

Photo: Joost Melis / Genmab / PR

During Q3 2021, Genmab generated a revenue of DKK 2310m (USD 357m) compared to DKK 1724m (USD 266m) for the same period last year. Net incomes totaled DKK 890m (USD 173.4m) in the third quarter of 2021, compared to DKK 530m (USD 81.8m) in the same period of 2020.

Genmab spent DKK 1114m (USD 172m) on research and development in Q3 this year compared to DKK 721m (USD 111m) in Q3 2020.

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