MedWatch

Genmab CEO on royalties defeat: "I'm sad and disappointed"

In April, Genmab suffered a defeat in an arbitration case concerning drug Darzalex. Though he had hoped for a different outcome, CEO Jan van de Winkel says it was a ”complex” decision not to contest the ruling, and that a conclusion was sorely needed.

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

A yearlong royalties strife between Genmab and its partner Janssen was finally over in April, when three arbitrators ruled in favor of the latter firm.

Wiping the slate clean with the release of its first quarterly report for 2022, Genmab has announced that it will not seek a review of the award, effectively bringing the entire ordeal to an end. According to CEO Jan van de Winkel, Genmab is now looking to the future.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from MedWatch

In a world of options, Genmab's CEO chose partnerships

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.

Analyst predicts slow start for Leo Pharma's Adtralza in UK

The take-up of Leo Pharma’s atopic eczema drug Adtralza in the UK will be slow-going, according to analyst bureau Global Data, after the British institute NICE released draft guidance where it was not recommend it as a standard treatment in England and Wales.

Further reading

Related articles

Latest news

See all jobs