Since July, GN stock has dropped by 30 percent, and it has now reached an attractive level compared to rivals, assesses Janne Vincent Kjær, senior equity analyst at Danish bank Jyske Bank.
The bank therefore changes its recommendation from "hold" to "buy."
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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.