MedWatch

Dropping two drug candidates puts Genmab in a better position, says CEO

Genmab made a rare move during Q3 by scrapping two candidates. However, neither CEO Jan van de Winkel nor a Sydbank analyst think the decision will have much of an impact on the company's future.

CEO of Genmab Jan van de Winkel | Photo: PR/Genmab

It isn't every day that biotech company Genmab has to abandon a drug under development.

However, this is exactly what happened to not just one but two candidates during Q3, as revealed in an otherwise positive financial report.

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