Genmab value drops by over USD 1.5bn after royalties defeat

After a ruling against Genmab encompassing two different royalty issues with partner Janssen, the market value of the firm has dropped by DKK 10.8bn (USD 1.58bn).

by marketwire, translated by catherine brett

Since trading opened on Friday, Genmab’s market value has dropped by DKK 10.8bn (USD 1.58bn), as news broke that arbitrators had ruled in Janssen’s favor in a royalties dispute between the two firms.

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