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Genmab Already 5% Down, Almost Two Hours Before The NASDAQ Open

ViaNews Editorial Team

January 16, 2024

Genmab Already 5% Down, Almost Two Hours Before The NASDAQ Open
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(VIANEWS) - The NASDAQ opens in less than two hours and Genmab's pre-market value is already 5.85% down.

Genmab's last close was $31.61, 26.47% under its 52-week high of $42.99.

The last session, NASDAQ finished with Genmab (GMAB) sliding 0.88% to $31.61. NASDAQ rose 0.02% to $14,972.76, following the last session's upward trend on what was a somewhat up trend trading session.

About Genmab

Genmab A/S develops antibody therapeutics for the treatment of cancer and other diseases primarily in Denmark. The company markets DARZALEX, a human monoclonal antibody for the treatment of patients with multiple myeloma (MM); teprotumumab for the treatment of thyroid eye disease; ofatumurnab, a human monoclonal antibody to treat chronic lymphocytic leukemia (CLL) and multiple sclerosis; and Amivantamab for advanced or metastatic gastric or esophageal cancer and NSCLC. Its products include daratumumab to treat MM, non-MM blood cancers, and AL amyloidosis; GEN1047; tisotumab vedotin for treating cervical, ovarian, and solid cancers; DuoBody-PD-L1x4-1BB, and DuoBody-CD40x4-1BB for treating solid tumors; Epcoritamab for relapsed/refractory diffuse large B-cell lymphoma and chronic lymphocytic leukemia; and HexaBody-CD38 and DuoHexaBody-CD37 for treating hematological malignancies. The company also develops Teclistamab, which is in Phase 2 trial for vaso-occlusive crises; Camidanlumab tesirine to treat hodgkin lymphoma and solid tumors; JNJ-64007957 and JNJ-64407564 to treat MM; PRV-015 for treating celiac disease; Mim8 for treating haemophilia A; and Lu AF82422 for treating multiple system atrophy disease. In addition, it has approximately 20 active pre-clinical programs. The company has a commercial license and collaboration agreement with Seagen Inc. to co-develop tisotumab vedotin. It also has a collaboration agreement with CureVac AG for the research and development of differentiated mRNA-based antibody products; argenx to discover, develop, and commercialize novel therapeutic antibodies with applications in immunology and oncology; and AbbVie for the development of epcoritamab, as well as collaborations with BioNTech, Janssen, Novo Nordisk A/S, BliNK Biomedical SAS, and Bolt Biotherapeutics, Inc. Genmab A/S was founded in 1999 and is headquartered in Copenhagen, Denmark.

Earnings Per Share

As for profitability, Genmab has a trailing twelve months EPS of $0.96.

PE Ratio

Genmab has a trailing twelve months price to earnings ratio of 32.93. Meaning, the purchaser of the share is investing $32.93 for every dollar of annual earnings.

The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is 14.87%.

Revenue Growth

Year-on-year quarterly revenue growth grew by 16.1%, now sitting on 17.02B for the twelve trailing months.

Growth Estimates Quarters

The company's growth estimates for the current quarter and the next is 3200% and 5440%, respectively.

More news about Genmab (GMAB).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.