Core Viewpoint - Genmab A/S is initiating a share buy-back program to reduce capital and fulfill commitments under the Restricted Stock Unit program, with a maximum value of DKK 4.0 billion and a repurchase of up to 2.2 million shares [1][9]. Group 1: Share Buy-Back Program Details - The share buy-back program will commence on March 26, 2025, and is expected to conclude by July 10, 2025, unless terminated or suspended by Genmab [2]. - Genmab has engaged Goldman Sachs International to execute the buy-back program, allowing the bank to make independent trading decisions [3]. - The program will adhere to the price and volume conditions set forth in the relevant EU regulations, ensuring compliance with market standards [4][5]. Group 2: Financial and Operational Aspects - Genmab currently holds 2,537,988 treasury shares, representing 3.83% of its share capital, and reserves the right to suspend or terminate the buy-back program at any time [6]. - Weekly announcements will be made regarding transactions conducted under the buy-back program [6]. Group 3: Company Overview - Genmab is an international biotechnology company focused on developing innovative antibody therapeutics, with a vision to transform the lives of patients with cancer and other serious diseases by 2030 [7]. - Established in 1999 and headquartered in Copenhagen, Denmark, Genmab has a global presence across North America, Europe, and Asia Pacific [8].

Core Viewpoint - AbbVie Inc. has filed a lawsuit against Genmab A/S and others, alleging misappropriation of trade secrets related to disaccharides used in antibody-drug conjugates (ADCs) [1][2][3] Group 1: Legal Proceedings - AbbVie is seeking damages and broad injunctive reliefs, claiming that Genmab and others have misappropriated its trade secrets [2] - Genmab categorically refutes the allegations and intends to vigorously defend against AbbVie's claims [2][3] - This lawsuit is part of a series of recent legal actions by AbbVie against competitors for similar allegations [3] Group 2: Product Information - The complaint pertains to Rina-S™, a clinical-stage ADC targeting FRα, currently in Phase 3 development for ovarian cancer and other solid tumors [4] - Rina-S™ utilizes a proprietary antibody and a unique linker to achieve a drug-to-antibody ratio (DAR) of 8 for the payload, exatecan [4] - Genmab aims to broaden the development plans for Rina-S™ based on ongoing clinical trial data, potentially addressing a wider patient population in ovarian cancer [5] Group 3: Company Overview - Genmab is an international biotechnology company focused on developing innovative antibody-based medicines [6][9] - The company has a strong track record in the discovery and commercialization of differentiated antibody therapeutics [6] - Genmab's vision by 2030 is to transform the lives of patients with cancer through advanced antibody medicines [9]

Core Insights - Genmab A/S announced promising results from the Phase 1/2 RAINFOL-01 study of rinatabart sesutecan (Rina-S), showing a confirmed objective response rate (ORR) of 55.6% in heavily pre-treated ovarian cancer patients [2][4][8] - The study highlights the potential of Rina-S as a treatment option for patients with platinum-resistant ovarian cancer (PROC), a group with historically poor prognosis [3][6] Company Overview - Genmab is an international biotechnology company focused on developing innovative antibody therapeutics, with a vision to transform cancer treatment by 2030 [13][14] - The company is headquartered in Copenhagen, Denmark, and has a global presence across North America, Europe, and Asia Pacific [14] Study Details - The RAINFOL-01 trial is an open-label, multicenter Phase 1/2 study evaluating the safety and efficacy of Rina-S in solid tumors expressing folate receptor-alpha (FRα) [7] - The B1 cohort specifically targets advanced ovarian cancer, with patients receiving either 100 mg/m or 120 mg/m doses of Rina-S [4][9] Clinical Results - In the B1 cohort, Rina-S at 120 mg/m resulted in a confirmed ORR of 55.6% and a disease control rate (DCR) of 88.9% [4][8] - The median duration of response (mDOR) was not reached, indicating sustained efficacy [4][8] - Common treatment-emergent adverse events included anemia, nausea, and fatigue, but no new safety signals were observed [5][6] Future Directions - Rina-S 120 mg/m has been selected for further evaluation in ongoing Phase 3 trials (RAINFOL-02) for PROC patients [4][11] - The FDA granted Fast Track designation to Rina-S for treating FRα-expressing high-grade serous or endometrioid platinum-resistant ovarian cancer [11]

Core Viewpoint - Genmab A/S's shares declined following Johnson & Johnson's decision to withdraw from the partnership to develop and commercialize GEN3014, a next-generation CD38 HexaBody aimed at treating multiple myeloma [2]. Group 1: Company Developments - Johnson & Johnson opted out of the deal with Genmab for the development of GEN3014, which is significant for Genmab's pipeline in oncology [2]. - The withdrawal from the partnership is expected to impact Genmab's stock performance negatively, as indicated by the recent decline in share prices [2]. Group 2: Market Context - The decision by Johnson & Johnson reflects broader trends in the biotech industry, where partnerships are crucial for the development and commercialization of new therapies [2].

Company Announcement - Genmab A/S held its Annual General Meeting on March 12, 2025, where the Board of Directors was constituted, appointing Ms. Deirdre P. Connelly as Chair and Ms. Pernille Erenbjerg as Deputy Chair [1] - The Board decided to grant 13,926 restricted stock units to members of the Board and employees, along with 4,214 warrants to employees [1] Restricted Stock Units - Each restricted stock unit is awarded cost-free and provides a conditional right to receive one share of Genmab A/S, with a fair value of DKK 1,372.50 per unit [2] - The restricted stock units will vest three years after the grant date, subject to specific vesting conditions [3] Warrants - Each warrant is awarded cost-free, with an exercise price of DKK 1,372.50, allowing the owner to subscribe for one share [4] - The fair value of each warrant is calculated at DKK 421.30, and they will vest three years after the grant date, expiring at the seventh anniversary of the grant date [5] Company Overview - Genmab is an international biotechnology company focused on improving patient lives through innovative antibody therapeutics, with a vision to transform the lives of people with cancer and serious diseases by 2030 [6] - Established in 1999 and headquartered in Copenhagen, Denmark, Genmab has a global presence across North America, Europe, and Asia Pacific [7]

Core Points - Genmab A/S held its Annual General Meeting on March 12, 2025, where the Annual Report for 2024 was approved and the Board of Directors received discharge [2][5] - The company's profit for the year was DKK 7,844 million, which will be carried forward to retained earnings [3][5] - Six members of the Board of Directors were re-elected for a one-year term, and Deloitte was re-elected as the company's auditor [3][5][6] Financial Decisions - The 2024 Compensation Report was approved [3][5] - Proposals from the Board of Directors included amendments to the Remuneration Policy, remuneration for 2025, reduction of share capital by DKK 2,076,853 through cancellation of treasury shares, authorization to acquire treasury shares, and issuance of warrants [5][6] Company Overview - Genmab is an international biotechnology company focused on developing innovative antibody therapeutics to improve patient lives [4][7] - Established in 1999 and headquartered in Copenhagen, Denmark, Genmab aims to transform the lives of patients with cancer and other serious diseases by 2030 [4][7]

Core Viewpoint - Johnson & Johnson (J&J) has opted not to exercise its option for a worldwide license to develop, manufacture, and commercialize HexaBody-CD38, leading Genmab to halt further clinical development of the drug despite promising initial clinical data [1][2][8] Group 1: Clinical Data and Development - Initial clinical data for HexaBody-CD38 showed robust efficacy, with an overall response rate (ORR) of 55% in the intravenous arm compared to 52% in the subcutaneous daratumumab arm [4] - The Phase 2 expansion study assessed the objective response rate as the primary endpoint, comparing HexaBody-CD38 with daratumumab in patients with relapsed or refractory multiple myeloma [3][9] - Treatment emergent adverse events (TEAEs) above 20% in the HexaBody-CD38 arm included neutropenia, infusion-related reactions, anemia, and thrombocytopenia, with no new safety findings in the daratumumab arm [5] Group 2: Company Strategy and Pipeline - Genmab remains focused on its existing pipeline, which includes EPKINLY® (epcoritamab) and two wholly owned assets, rinatabart sesutecan (Rina-S™) and acasunlimab, both in Phase 3 development [2] - The company emphasizes disciplined investments in its late-stage proprietary clinical pipeline to ensure future growth [2] - Genmab's 2025 financial guidance remains unaffected by the decision regarding HexaBody-CD38 [6] Group 3: Future Communications - Genmab will host a conference call to discuss the implications of this announcement, scheduled for today at 5:00 PM CET [7]

Core Viewpoint - Johnson & Johnson (J&J) has opted not to exercise its option for a worldwide license to develop, manufacture, and commercialize HexaBody-CD38, leading Genmab to halt further clinical development of the drug despite promising initial clinical data [1][2][8]. Group 1: Clinical Data and Development - Initial clinical data for HexaBody-CD38 showed robust efficacy, with an overall response rate (ORR) of 55% in the intravenous arm compared to 52% in the subcutaneous daratumumab arm [4]. - The Phase 2 expansion study assessed the objective response rate as the primary endpoint, comparing HexaBody-CD38 with daratumumab in patients with relapsed or refractory multiple myeloma [3][9]. - Treatment emergent adverse events (TEAEs) above 20% in the HexaBody-CD38 arm included neutropenia, infusion-related reactions, anemia, and thrombocytopenia, with no new safety findings in the daratumumab arm [5]. Group 2: Future Focus and Pipeline - Genmab remains confident in its existing pipeline, which includes EPKINLY (epcoritamab) and two wholly owned assets, rinatabart sesutecan (Rina-S™) and acasunlimab, both in Phase 3 development [2]. - The company intends to maintain a disciplined investment strategy focused on its promising late-stage proprietary clinical pipeline to ensure future growth [2]. Group 3: Financial Guidance and Communication - The decision by J&J does not impact Genmab's financial guidance for 2025 [6]. - Genmab will host a conference call to discuss the event, providing an opportunity for stakeholders to gain further insights [7].

Company Overview - Genmab A/S is an international biotechnology company focused on improving the lives of patients through innovative antibody therapeutics [3][4] - Established in 1999 and headquartered in Copenhagen, Denmark, Genmab has a global presence in North America, Europe, and Asia Pacific [4] Business Strategy and Vision - The company aims to transform the lives of individuals with cancer and other serious diseases by 2030 through its proprietary pipeline of advanced antibody medicines [3] - Genmab's research includes next-generation antibody technology platforms, bispecific T-cell engagers, antibody-drug conjugates, and immune checkpoint modulators [3] Managerial Transactions - The managerial employees and their closely associated persons have authorized Genmab to publish their trading activities in Genmab shares [2][1]

Core Points - Genmab A/S announced the granting of 614,676 restricted stock units and 517,191 warrants to management and employees [1] - The fair value of each restricted stock unit is DKK 1,608.50, while the exercise price for each warrant is also DKK 1,608.50 [1][3] - The restricted stock units will vest after three years, and the warrants will vest three years after the grant date, expiring at the seventh anniversary [2][4] Restricted Stock Units - Each restricted stock unit provides a conditional right to receive one share of Genmab A/S of nominally DKK 1 [1] - Vesting of restricted stock units for executive management is subject to performance criteria [1] - The fair value of each restricted stock unit is based on the closing market price on the date of grant [1] Warrants - Each warrant entitles the owner to subscribe for one share of nominally DKK 1, subject to payment of the exercise price [3] - The fair value of each warrant, calculated using the Black-Scholes formula, is DKK 501.65 [3] - The new warrants are granted under the terms set out in the warrant program adopted by the Board of Directors [4] Company Overview - Genmab is an international biotechnology company focused on improving patient lives through innovative antibody therapeutics [5] - The company has a proprietary pipeline that includes bispecific T-cell engagers and next-generation immune checkpoint modulators [5] - Genmab aims to transform the lives of people with cancer and other serious diseases with its antibody medicines by 2030 [5]