Analyst: Kesimpta sales from Novartis slightly over expectations

Analysts had somewhat underestimated Novartis’ Q1 sales of multiple sclerosis drug Kesimpta. According to an equity analyst at Sydbank, this is an advantage for biotech firm Genmab, which is behind developing the drug and receives royalties from Novartis.

Photo: Joost Melis / Genmab / PR

In the first quarter of fiscal 2022, Genmab has received USD 19.5m from sales of multiple sclerosis drug Kesimpta, which has been licensed to Swiss firm Novartis.

Genmab is behind the active ingredient, ofatumumab, in Novartis’ Kesimpta, and the Danish biotech firm receives 10-percent royalties from Novartis’s sales.

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