On Tuesday, Coloplast upgraded its forecasted reported revenue growth in Danish kroner, the medtech company announces in its first quarterly report for financial year 2021/2022.
Due to currency fluctuations, Coloplast is now expecting reported growth of 9 percent against previous estimate of 8 percent.
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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.