MedWatch

Genmab raises 2022 sales outlook to top USD 1.6bn

Biotech firm Genmab is once again counting on sales advancements, projecting a revenue of DKK 10.8–12bn (USD 1.6–1.8bn) in the current financial year.

Photo: Tuala Hjarnø / Genmab / PR

Genmab ended 2021 with a revenue of DKK 8.5bn (USD 1.3bn), compared to DKK 10.1bn (USD 1.5bn) in 2020, and an operating profit (EBIT) of DKK 3bn (USD 461m) against DKK 6.3bn (USD 964m) the preceding year, when an extraordinary one-off payment of DKK 4.4bn (USD 672m) from partner Abbvie lifted profits.

The results are in line with expectations. Danish bank Sydbank had projected a 2021 total revenue of DKK 8.4bn (USD 1.3bn) and an EBIT of DKK 3bn (USD 460m).

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