MedWatch

Analyst: Genmab's Darzalex income coming in faster than expected

A Sydbank analyst following the Danish biotech firm is very interested in the accelerating sales of cancer drug Darzalex, which Genmab reported after Q2.

Photo: Joost Melis / Genmab / PR

Genmab’s golden egg, Darzalex, contributed more to Genmab’s overall incomes than expected by Sydbank in the second quarter of 2022.

The bank’s senior equity analyst, Søren Løntoft Hansen, also sees the sales of Tivdak, which Genmab is marketing alongside its partner, Seagen, as positive for the firm. Additionally, he notes that the Q2 result was boosted by a strengthened US dollar.

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