MedWatch

Wellington owns less than 5% of Genmab shares

In early July, the investment firm increased its stake in the Danish biotech firm to more than 5%, but Genmab now reports that this is no longer the case.

Photo: Joost Melis / Genmab / PR

US-based private investment firm Wellington Management Group LLP has decreased its share holding in Genmab to 4.9%, the Danish biotech firm reports in a Wednesday press release.

Earlier in July, the investment firm had actually increased its ownership share beyond 5% to a total of 5.02%.

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