updated 4/27/2011 8:16:58 AM ET 2011-04-27T12:16:58

  • Worldwide net sales of Arzerra in Q1 2011 totaled GBP 9.4 million (DKK 82.1 million)
  • Genmab expects royalty payment of DKK 16.4 million

COPENHAGEN, Denmark, April 27, 2011 (GLOBE NEWSWIRE) -- Genmab A/S (Copenhagen:GEN) announced today that the net sales for Arzerra® (ofatumumab) during the first quarter of 2011 were GBP 9.4 million (approximately DKK 82.1 million). Arzerra first quarter net sales in the U.S. and the rest of the world were GBP 6.7 million (approximately DKK 58.5 million) and GBP 2.7 million (approximately DKK 23.6 million) respectively. Under the terms of the collaboration with GlaxoSmithKline (GSK), Genmab expects to receive a royalty payment of approximately DKK 16.4 million.

The conversion from GBP to DKK has been made using the Danish Central Bank average rates for the first quarter of 2011 of GBP 1.00 = DKK 8.7330.

About Genmab A/S

Genmab is a leading international biotechnology company focused on developing fully human antibody therapeutics for the potential treatment of cancer. Genmab's world class discovery and development teams are using cutting-edge technology to create and develop products to address unmet medical needs. Our primary goal is to improve the lives of patients who are in urgent need of new treatment options. For more information on Genmab's products and technology, visit www.genmab.com .

This Stock Exchange Release 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 Stock Exchange Release nor to confirm such statements in relation to actual results, unless required by law.

Genmab®; the Y-shaped Genmab logo®; HuMax®; HuMax-CD20®; HuMax-EGFr™; HuMax-IL8™; HuMax-TAC™; HuMax-CD38™; HuMax-TF™; HuMax-Her2™; HuMax-cMet™; HuMax-CD74™; DuoBody™ and UniBody® are all trademarks of Genmab A/S. Arzerra® is a trademark of GlaxoSmithKline.

Genmab A/S
Bredgade 34
1260 Copenhagen K, Denmark
 
Tel: +45 7020 2728
Fax: +45 7020 2729
www.genmab.com
 
Stock Exchange Release no. 17
Page 1/1
CVR no. 2102 3884
CONTACT:  Helle Husted, Vice President, Investor Relations
          T: +45 33 44 77 30
          M: +45 25 27 47 13
          E: h.husted@genmab.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 5.09%
$30K home equity loan FICO 5.20%
$75K home equity loan FICO 4.65%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.36%
13.34%
Cash Back Cards 17.87%
17.82%
Rewards Cards 17.11%
17.07%
Source: Bankrate.com