On Tuesday, bets that Novo Nordisk would indeed cross the finish line of the reported USD 3.3bn acquisition of Dicerna Pharmaceuticals could finally be cashed out.
This result was expected all along, says Søren Løntoft Hansen, senior equity analyst at Danish bank Sydbank.
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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.