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Genmab Foundations Firm Amid Share Price Slumps

 
• By Kevin Grogan

The Danish drugmaker's stock keeps falling as investors wait to see if Johnson & Johnson will opt in to co-develop a successor to the partners' multiple myeloma big earner Darzalex, but analysts have been heralding Genmab's bright prospects for assets such as Epkinly and Rina-S.

Genmab Office Copenhagen - close up
• Source: Genmab

After a tough 2024, when the stock suffered three-year-lows, shares in Genmab have started this year poorly again, which has left some observers scratching their heads given that the Danish biotech is a profitable business with a healthy pipeline.

The company has been one of the jewels in Europe’s biotech crown for years but investor sentiment has turned ice cold of late

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