Genmab A/S
26.07.2011 13:08
Dissemination of a Adhoc News, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
- Arzerra worldwide net sales in Q2 2011 totaled GBP 10.5 million (DKK 88.6
million)
- Genmab expects royalty payment of DKK 17.7 million
Copenhagen, Denmark; July 26, 2011 - Genmab A/S (OMX: GEN) announced today that
the Arzerra(r) (ofatumumab) net sales during the second quarter of 2011 were GBP
10.5 million (approximately DKK 88.6 million). This figure consists of net
sales in the U.S. of GBP 7.4 million (approximately DKK 62.4 million) and in
the rest of the world GBP 3.1 million (approximately DKK 26.2 million). Under
the terms of the collaboration with GlaxoSmithKline (GSK), Genmab expects to
receive a royalty payment of approximately DKK 17.7 million.
The conversion from GBP to DKK has been made using the Danish Central Bank
average rates for the second quarter of 2011 of GBP 1.00 = DKK 8.4474.
About Genmab A/S
Genmab is a publicly traded, international biotechnology company specializing
in the creation and development of differentiated human antibody therapeutics
for the treatment of cancer. Founded in 1999, the company's first marketed
antibody, Arzerra(r) (ofatumumab), was approved to treat refractory chronic
lymphocytic leukemia that is refractory to fludarabine and alemtuzumab after
less than eight years in development. Genmab's validated and next generation
antibody technologies are expected to provide a steady stream of future product
candidates. Partnering of innovative product candidates and technologies is a
key focus of Genmab's strategy and the company 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 &
Communication
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
product discovery and development, 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
section 'Risk Management' in Genmab's Annual Report, which is 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(r); the Y-shaped Genmab logo(r); HuMax(r); HuMax-CD20(r); HuMax-EGFr(tm);
HuMax-IL8(tm); HuMax-TAC(tm); HuMax-CD38(tm); HuMax-TF(tm); HuMax-Her2(tm);
HuMax-cMet(tm),
HuMax-CD74(tm), DuoBody(tm) and UniBody(r) are all trademarks of Genmab A/S.
Arzerra(r)
is a trademark of GlaxoSmithKline.
Company Announcement no. 23
CVR no. 2102 3884
Genmab A/S
Bredgade 34
1260 Copenhagen K
Denmark
Click on, or paste the following link into your web browser, to view the
associated documents
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmen
tId=356997
News Source: NASDAQ OMX
26.07.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Genmab A/S
Dänemark
Phone:
Fax:
E-mail:
Internet:
ISIN: DK0010272202
WKN:
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
DGAP-Adhoc: Arzerra Second Quarter 2011 Net Sales Figures
| Source: EQS Group AG