22 feb: Skift af 10-årigt benchhmark
22 feb: Novozymes A/S ordinære generalforsamling 2017
22-02-2017 17:01:03

Genmab 2016 Annual Report

Relateret indhold
22 maj - 
Mandagens aktier: Novo og TDC snuppede podiepladserne i..
19 maj - 
Aktier/middag: Pandora glimter oven på svær uge
19 maj - 
KORR: Aktier/åbning: Genmab fører C20 til grøn fredag
Relateret debat
21 maj - 
Måske er der GEN investorer, der lige som jeg selv har ..
19 maj - 
MACD ugebasis nu direkte på vej mod opkrydsning !..
19 maj - 
Jeg kan overhovedet ikke finde ud af at trade normalt, ..

Company Announcement

Copenhagen, Denmark; February 22, 2017 – Genmab A/S (Nasdaq Copenhagen: GEN) announced today its Annual Report for 2016.  Below is a summary of business progress and financial performance for the year, and financial outlook for 2017 from the report. The full report is attached as a PDF file and can be found on the investor section of the company’s website, www.genmab.com.

2016 ACHIEVEMENTS

Business Progress

Maximize daratumumab progress

  • Launch DARZALEX in US and other approved territories - Achieved

  • CHMP decision on monotherapy application - Achieved

  • Phase III multiple myeloma (MM) interim efficacy analysis in relapsed / refractory MM settings [POLLUX and CASTOR trials] - Achieved

  • File for label in relapsed / refractory settings if results of interim analyses are favorable - Achieved

  • Start multiple clinical trials in MM and non-MM indications - Achieved

  • Report initial clinical data non-MM indications – Clinical data from a non-MM indication for daratumumab is anticipated in 2017.

Optimize ofatumumab value

  • Start Phase III subcutaneous autoimmune trials - Achieved

  • Regulatory decision for CLL maintenance - Achieved

  • File for label in relapsed CLL - Achieved

  • Phase III refractory follicular lymphoma (FL) interim efficacy data – Study continued at interim analysis. Full data expected 2017.

Strengthen differentiated product pipeline

  • Phase I/II tisotumab vedotin additional data - Achieved

  • IND for HuMax-AXL-ADC and start clinical trial - Achieved

  • Progress HexaBody-DR5/DR5 program - Achieved

  • Progress pre-clinical DuoBody & HexaBody projects - Achieved

Broaden partnership portfolio with next generation technologies

  • Sign new / expanded DuoBody & HexaBody collaborations – Goal was to sign two or more commercial collaborations; partially achieved goal with one commercial agreement for DuoBody technology with Gilead Sciences.

  • Progress partnered programs - Achieved

  • New IND filings – Achieved

Disciplined financial management

  • Selectively invest to progress and broaden differentiated product pipeline - Achieved

Financial Performance

  • Revenue was DKK 1,816 million in 2016 compared to DKK 1,133 million in 2015. The increase of DKK 683 million, or 60%, was mainly driven by higher milestone and royalty revenue under our daratumumab collaboration with Janssen, partly offset by a decrease in our deferred revenue.

  • Operating expenses increased by DKK 184 million, or 32%, from DKK 579 million in 2015 to DKK 763 million in 2016 driven by the additional investment in our pipeline of products, including the advancement of tisotumab vedotin, HuMax-AXL-ADC, HexaBody-DR5/DR5, DuoBody-CD3xCD20, and our early stage pre-clinical programs.

  • Operating income was DKK 1,053 million in 2016 compared to DKK 730 million in 2015. The improvement of DKK 323 million, or 44%, was driven by higher revenue, which was partly offset by increased operating expenses in 2016 and the one-time reversal of the ofatumumab funding liability of DKK 176 million in 2015.

  • 2016 year end cash position of DKK 3,922 million, an increase of DKK 429 million, or 12%, from DKK 3,493 million as of December 31, 2015.

     

2017 OUTLOOK

MDKK

2017 Guidance

2016 Actual Result

Revenue

1,950 – 2,150

1,816

Operating expenses

(1,000) – (1,100)

(763)

Operating income

900 – 1,100

1,053

Cash position at end of year*

> 4,500

3,922

*Cash, cash equivalents, and marketable securities

 

Conference Call

Genmab will hold a conference call in English to discuss the results for the full year 2016 today, February 22, at 6.00 pm CET, 5.00 pm GMT or noon EST. The dial in numbers are:

+1 646 254 3363 (US participants) and ask for the Genmab conference call

+44 20 3427 1912 (international participants) and ask for the Genmab conference call

A live and archived webcast of the call and relevant slides will be available at www.genmab.com.

 About Genmab

Genmab is a publicly traded, international biotechnology company specializing in the creation and development of differentiated antibody therapeutics for the treatment of cancer.  Founded in 1999, the company has two approved antibodies, DARZALEX® (daratumumab) for the treatment of certain multiple myeloma indications, and Arzerra® (ofatumumab) for the treatment of certain chronic lymphocytic leukemia indications.  Daratumumab is in clinical development for additional multiple myeloma indications, other blood cancers, and solid tumors.  A subcutaneous formulation of ofatumumab is in development for relapsing multiple sclerosis.  Genmab also has a broad clinical and pre-clinical product pipeline.  Genmab's technology base consists of validated and proprietary next generation antibody technologies - the DuoBody® platform for generation of bispecific antibodies, and the HexaBody® platform which creates effector function enhanced antibodies.  The company intends to leverage these technologies to create opportunities for full or co-ownership of future products. Genmab has alliances with top tier pharmaceutical and biotechnology companies.  For more information visit www.genmab.com.

  

Contact:         

Rachel Curtis Gravesen, Senior Vice President, Investor Relations & Communications

T: +45 33 44 77 20; M: +45 25 12 62 60; E: r.gravesen@genmab.com

This Company Announcement contains forward looking statements. The words “believe”, “expect”, “anticipate”, “intend” and “plan” and similar expressions identify forward looking statements. Actual results or performance may differ materially from any future results or performance expressed or implied by such statements. The important factors that could cause our actual results or performance to differ materially include, among others, risks associated with pre-clinical and clinical development of products, uncertainties related to the outcome and conduct of clinical trials including unforeseen safety issues, uncertainties related to product manufacturing, the lack of market acceptance of our products, our inability to manage growth, the competitive environment in relation to our business area and markets, our inability to attract and retain suitably qualified personnel, the unenforceability or lack of protection of our patents and proprietary rights, our relationships with affiliated entities, changes and developments in technology which may render our products obsolete, and other factors. For a further discussion of these risks, please refer to the risk management sections in Genmab’s most recent financial reports, which are available on www.genmab.com. Genmab does not undertake any obligation to update or revise forward looking statements in this Company Announcement nor to confirm such statements in relation to actual results, unless required by law.

Genmab A/S and its subsidiaries own the following trademarks: Genmab®; the Y-shaped Genmab logo®; Genmab in combination with the Y-shaped Genmab logo™; the DuoBody logo®; the HexaBody logo™; HuMax®; HuMax-CD20®; DuoBody®; HexaBody® and UniBody®. Arzerra® is a trademark of Novartis AG or its affiliates. DARZALEX™ is a trademark of Janssen Biotech, Inc.

 

Selskabsmeddelelse nr. 06

CVR-nr. 2102 3884

LEI-kode 529900MTJPDPE4MHJ122

Genmab A/S

Bredgade 34E

1260 København K

Danmark

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
17 maj
GEN
Du er da vist gået kontant THE NOTE. Kan se du optræder mange steder i de her dage med løftede pegef..
5
21 maj
GEN
Måske er der GEN investorer, der lige som jeg selv har overset, at Abstract indeholdende de 9 Daratu..
4
16 maj
GEN
Hvis Daratumumab giver den forventede indtægt, så skal pengene investeres i noget - og her har Genma..
4
17 maj
GEN
Det er vist ikke rigtig.   Fra Nordnet: Ifølge Nordea Markets er den gennemsnitlige forventning blan..
3
19 maj
GEN
MACD ugebasis nu direkte på vej mod opkrydsning !     https://www.investing.com/equities/genmab-cha..
2
19 maj
GEN
Det er også refleksionen værd, at indtil nu er stigningen kommet på ryggen af ultragode meldinger fr..
2
17 maj
GEN
Sydbank indsatte den artikel kl 17.33, mon ikke genmab stiger igen i morgen. Vh faglærer     Genmab:..
2
19 maj
GEN
Jeg kan overhovedet ikke finde ud af at trade normalt, men med Genmab har det været nemt. Mine 2 sid..
1
19 maj
GEN
JNJ udtalte vist endda, at Darzalex vil blive den vigtigste vækstdriver !
1
19 maj
GEN
Jeg tænker at, alt andet lige, skal tjekke ATH et par gange for derefter at teste den grønne linje i..
1

Aktier/tendens: Grønt skvulp med regnskabsaktuelle Topdanmark i fokus

23-05-2017 08:27:59
Det peger mod en blød åbning på det danske børsmarked tirsdag morgen efter grønne skvulp på det amerikanske aktiemarked mandag.Regnskaberne tikker fortsat ind på fondsbørsen - og tirsdag er det blandet andet Topdanmarks tur til at komme med tal for første kvartal, hvilket kan give forsikringsselskabet en hovedrolle. Topdanmark, der steg med 1,1 pct. mandag til 189,60 kr. venter er et overskud - ud..

Vestas/Jyske: Tysk prispres er håndterbart

22-05-2017 15:06:16
Det nye auktionsbaserede system for opførelse af landbaserede vindparker i Tyskland viser tegn på prispres, men dog ikke i et omfang som frygtet.Det skriver aktieanalytiker Janne Vincent Kjær fra Jyske Bank, som mener, at det er håndterbart for Vestas.- Selv om der er et pres fra kunderne for at reducere prisen på vindenergi, og priserne per megawatt-time er faldende, ser vi ikke noget markant pri..

GE's køb af dansk vingeproducent skal under EU-lup - citat

22-05-2017 14:42:21
Amerikanske General Electrics (GE) overtagelse af den danske vingeprocent LM Wind Power skal undersøges af EU-Kommissionen, skriver Bloomberg News med henvisning til to kilder med indblik i sagen.Kommissionen skal efter sigende vurdere, om GE vildledte de EU's embedsmænd, der undersøgte aftalen med LM Wind Power. GE skulle ifølge en af kilderne have fortalt, at selskabet ikke har planer om at udvi..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Novo: Diabetesmiddel viser tegn på at kunne medføre vægttab - citat
2
Vestas/Jyske: Tysk prispres er håndterbart
3
Vestas/Sydbank: Utroligt stærkt positioneret i USA
4
Novo-topchef: Vi står stærkt til at vinde markedsandele - citat
5
Tidligere Trump-rådgiver vil ikke udlevere dokumenter - citat - NY

Relaterede aktiekurser

Genmab A/S 1.387,00 -1,0% Fald i aktiekurs
Genmab AS DKK1 213,00 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2017  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
23. maj 2017 10:43:06
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20170517.1 - EUROWEB1 - 2017-05-23 10:43:06 - 2017-05-23 10:43:06 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x