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Genmab Announces Net Sales of DARZALEX (daratumumab) for Second Quarter of 2024 Company Announcement Net sales of DARZALEX in the second quarter of 2024 totaled USD 2,878 million Genmab receives royalties on worldwide ne

Key Takeaway: Genmab A/S reported strong net sales figures for DARZALEX (daratumumab) in the second quarter of 2024, totaling USD 2,878 million. The substantial sales included USD 1,641 million from the US market and USD 1,237 million from other regions. As the company receives royalties from these sales, it reflects a successful commercial performance for the antibody product. This positive financial outcome supports Genmab's long-term vision of enhancing treatments for patients with cancer and serious diseases.

Market Sentiment Analysis

POSITIVE FACTORS

  • DARZALEX generated substantial net sales of USD 2,878 million in Q2 2024.
  • Significant revenue contributions from both the US (USD 1,641 million) and international markets (USD 1,237 million).
  • Genmab continues to receive royalties on worldwide sales, reflecting strong market acceptance.

Full Press Release Details

Genmab Announces Net Sales of DARZALEX (daratumumab) for Second Quarter of 2024
Company Announcement
COPENHAGEN, Denmark; July 17, 2024 - Genmab A/S (Nasdaq: GMAB) announced today that worldwide net trade sales of DARZALEX (daratumumab), including sales of the subcutaneous (SC) product (daratumumab and hyaluronidase-fihj, sold under the tradename DARZALEX FASPRO in the U.S.), as reported by Johnson & Johnson were USD 2,878 million in the second quarter of 2024. Net trade sales were USD 1,641 million in the U.S. and USD 1,237 million in the rest of the world. Genmab receives royalties on the worldwide net sales of DARZALEX, both the intravenous and SC products, under the exclusive worldwide license to Janssen to develop, manufacture and commercialize daratumumab.
Genmab is an international biotechnology company with a core purpose of guiding its unstoppable team to strive toward improving the lives of patients with innovative and differentiated antibody therapeutics. For 25 years, its passionate, innovative and collaborative team has invented next-generation antibody technology platforms and leveraged translational, quantitative and data sciences, resulting in a proprietary pipeline including bispecific T-cell engagers, antibody-drug conjugates, next-generation immune checkpoint modulators and effector function-enhanced antibodies. By 2030, Genmab's vision is to transform the lives of people with cancer and other serious diseases with knock-your-socks-off (KYSO ) antibody medicines.
Marisol Peron, Senior Vice President, Global Communications & Corporate Affairs
T: +1 609 524 0065; E: mmp@genmab.com
Andrew Carlsen, Vice President, Head of Investor Relations
T: +45 3377 9558; E: acn@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 preclinical 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 or technologies 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 and the risk factors included in Genmab's most recent Annual Report on Form 20-F and other filings with the U.S. Securities and Exchange Commission (SEC), which are available at www.sec.gov. Genmab does not undertake any obligation to update or revise forward looking statements in this Company Announcement nor to confirm such statements to reflect subsequent events or circumstances after the date made or in relation to actual results, unless required by law.
Genmab A/S Tel: +45 7020 2728 Company Announcement no. 50
Carl Jacobsens Vej 30 Fax: +45 7020 2729 Page 1/2
2500 Valby, Denmark www.genmab.com CVR no. 2102 3884
LEI Code 529900MTJPDPE4MHJ122
Genmab Announces Net Sales of DARZALEX (daratumumab) for Second Quarter of 2024
Genmab A/S and/or its subsidiaries own the following trademarks: Genmab ; the Y-shaped Genmab logo ; Genmab in combination with the Y-shaped Genmab logo ; HuMax ; DuoBody ; HexaBody ; DuoHexaBody , HexElect and KYSO . DARZALEX and DARZALEX FASPRO are trademarks of Johnson & Johnson.
Genmab A/S Tel: +45 7020 2728 Company Announcement no. 50
Carl Jacobsens Vej 30 Fax: +45 7020 2729 Page 2/2
2500 Valby, Denmark www.genmab.com CVR no. 2102 3884
LEI Code 529900MTJPDPE4MHJ122

Frequently Asked Questions

What were DARZALEX's net sales in Q2 2024?

In Q2 2024, DARZALEX's worldwide net sales reached USD 2,878 million.

How much did Genmab earn from DARZALEX royalties?

Genmab receives royalties on DARZALEX sales under its license with Janssen.

What is Genmab's mission?

Genmab aims to enhance patient lives through innovative antibody therapeutics.

Where are Genmab's headquarters located?

Genmab is headquartered in Copenhagen, Denmark.

When does Genmab plan to transform cancer treatment?

Genmab's vision is to transform lives with antibody medicines by 2030.

Last updated: Jul 17, 2024