Genmab beats expectations across the board

Analysts had not anticipated such a strong performance from the Danish biotech firm, which has surpassed second-quarter estimates for every accounting item imaginable.

Photo: Joost Melis / Genmab / PR

Genmab ended the second quarter of 2022 with considerable more money than at the end of same period last year, while beating every projection made by analysts prior to the Danish biotech company publishing its report on Wednesday.

After trading closed yesterday, Genmab could tell the world that it has generated DKK 3.2bn (USD 442.3m) in the months of April, May, and June, which brings the company’s bottom line up to DKK 1.9bn (USD 262.7m).

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