MedWatch

Jefferies raises Genmab price target as faith in cancer candidate grows

The US-based investment bank has updated its Genmab models after the company published its second quarterly report, raising its projections for cancer blockbuster Darzalex, among other things.

Photo: Joost Melis / Genmab / PR

Genmab’s share price target has been lifted to DKK 2,700 (USD 368.4) from DKK 2,350 (USD 320.6) by US-based investment bank Jefferies.

The bank has updated its models for the company following its second-quarter report, increasing the minimum estimated sales of blockbuster cancer drug Darzalex but maintaining the upper end of this projection, USD 15bn a year.

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