Genmab achieves USD 45 million milestone

Milestone triggered by first commercial sale of DARZALEX in the United States

23-Nov-2015 - Denmark

Genmab A/S announced it has achieved a USD 45 million milestone in its DARZALEX™ (daratumumab) collaboration with Janssen Biotech, Inc. The milestone payment was triggered by the first commercial sale of DARZALEX in the United States.

"Today marks a significant moment in the history of Genmab - the day DARZALEX, our second approved antibody therapeutic, is commercially available. We are very pleased to have brought two differentiated antibody products to the market since our inception in 1999," said Jan van de Winkel, Ph.D., Chief Executive Officer of Genmab.

This milestone was included in the updated financial guidance for 2015, which was published on November 16, 2015.

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