Genmab

Genmab

Develops and licenses antibody cancer therapeutics

Overview

Genmab develops antibody-based therapies to treat cancer. The company discovers, develops, and commercializes proprietary antibody technologies and treatments designed to target and kill cancer cells, often in collaboration with other biotech or pharmaceutical partners. Its products work by using antibodies that recognize specific cancer cell markers, helping the immune system or the drugs attack and destroy those cells. Genmab differentiates itself through its own patented antibody platforms and its focus on strategically partnering for development and commercialization, allowing it to leverage scientific expertise and shared resources rather than relying on a single product. The company aims to turn scientific insights into approved cancer medicines that improve patient outcomes while building value through licensing deals and collaborations with researchers and drug developers around the world.

About Genmab

Simplify's Rating
Why Genmab is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Biotechnology

Healthcare

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Copenhagen, Denmark

Founded

1999

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Simplify's Take

What believers are saying

  • H1 2026 revenue rose 25% to $2.051 billion, lifting guidance to $4.525 billion.
  • TEPKINLY won European approval on 6 July 2026, expanding lymphoma sales.
  • NICE backed Tivdak on 21 May 2026, accelerating NHS access and adoption.

What critics are saying

  • DARZALEX royalty growth ends after 2029, exposing Genmab's earnings engine.
  • Merus added $5.5 billion debt and $174 million H1 2026 interest expense.
  • Epcoritamab failed its 23 July 2026 US primary endpoint in DLBCL monotherapy.

What makes Genmab unique

  • DARZALEX royalties funded 2026 growth while EPKINLY/TIVDAK build owned commercial leverage.
  • DuoBody-derived epcoritamab won Europe approval in July 2026 for relapsed follicular lymphoma.
  • Merus purchase added petosemtamab, broadening Genmab beyond royalty dependence.

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Funding

Total Funding

$946.6M

Above

Industry Average

Funded Over

8 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

401(k) Retirement Plan

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Flexible Work Hours

Remote Work Options

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

Stock Options

Company Equity

Performance Bonus

Profit Sharing

Employee Stock Purchase Plan

Relocation Assistance

Parental Leave

Family Planning Benefits

Fertility Treatment Support

Adoption Assistance

Childcare Support

Elder Care Support

Pet Insurance

Bereavement Leave

Professional Development Budget

Conference Attendance Budget

Tuition Reimbursement

Mentorship Program

Wellness Program

Mental Health Support

Gym Membership

Commuter Benefits

Phone/Internet Stipend

Home Office Stipend

Legal Services

Employee Discounts

Company Social Events

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

0%
Yahoo Finance
Aug 13th, 2026
Genmab raises 2026 revenue guidance to $4.5B despite epcoritamab setback; AbbVie reports $17B Q2 revenue

Genmab and AbbVie confirmed on 23 July that their jointly developed bispecific antibody epcoritamab failed to meet its primary endpoint in a Phase 3 trial. The study evaluated epcoritamab monotherapy against chemoimmunotherapy in transplant-ineligible adults with relapsed/refractory diffuse large B-cell lymphoma. In the US, where overall survival was the sole primary endpoint, the trial did not demonstrate statistically significant improvement. Despite the setback, epcoritamab maintains its accelerated FDA approval. Both companies will review the full data set with regulators to determine next steps. Genmab reported H1 2026 revenue of $2.051 billion, up 25% year-over-year, raising full-year guidance to $4.325–$4.525 billion. AbbVie posted Q2 2026 net revenues of $16.99 billion, up 10.2%, driven by its immunology portfolio generating $8.79 billion.

Yahoo Finance
Aug 6th, 2026
Genmab raises 2026 revenue guidance to $4.4B despite shares falling 2.6%

Genmab reported first-half 2026 revenue of $2.05 billion, up 25% year-on-year from $1.64 billion, though shares fell 2.6% following the announcement. The Danish biotechnology company's growth was driven by higher DARZALEX and Kesimpta royalties and increased EPKINLY net product sales. Royalty revenue reached $1.71 billion, up 24% from $1.38 billion. Global net sales of EPKINLY/TEPKINLY surged 48% to $312 million from $211 million. Adjusted operating profit increased to $656 million from $554 million in the prior-year period. Genmab raised its full-year 2026 revenue guidance to a range of $4.33 billion to $4.53 billion, up from the previous range of $4.07 billion to $4.40 billion.

Yahoo Finance
Jul 8th, 2026
Genmab wins EU approval for TEPKINLY after positive DLBCL trial results, analyst raises target to $40

H.C. Wainwright analyst Raghuram Selvaraju raised the price target on Genmab A/S to $40 from $38, maintaining a Buy rating. The revision followed the company's announcement that its EPCORE DLBCL-4 trial achieved its primary endpoint. The firm increased its estimated likelihood of regulatory approval for Epkinly to 70% in first-line setting and 95% in second-line setting. On 6 July, the European Commission approved marketing authorisation for TEPKINLY in combination with lenalidomide and rituximab for adults with relapsed or refractory follicular lymphoma. The approval was supported by Phase 3 EPCORE FL-1 trial findings. Epcoritamab is being jointly developed with AbbVie through their oncology partnership. Genmab is a Copenhagen-based biotechnology company focused on developing antibody-based cancer therapies.

Associated Press
Jul 6th, 2026
European Commission approves Tepkinly with lenalidomide and rituximab for relapsed or refractory follicular lymphoma

The European Commission has approved TEPKINLY (epcoritamab) combined with lenalidomide and rituximab for treating adults with relapsed or refractory follicular lymphoma. The approval follows results from the Phase 3 EPCORE FL-1 trial. The trial demonstrated the combination reduced disease progression or death risk by 79% compared to standard treatment. Overall response rate reached 96%, with 74% of patients achieving complete response versus 43% on standard therapy. Follicular lymphoma is the second most common form of non-Hodgkin lymphoma, accounting for 20-30% of cases. The disease remains incurable, with patients often experiencing relapse and shorter remissions. Common adverse reactions included neutropenia, rash, upper respiratory tract infections, fatigue, and cytokine release syndrome. Serious adverse reactions occurred in 44% of patients. Epcoritamab is co-developed by Genmab and AbbVie and has received regulatory approval in over 65 territories for certain lymphoma indications.

Security Delta (HSD)
May 26th, 2026
CISODAY 2026: urgent warning over ai-powered hacking & CISO of the Year.

CISODAY 2026: urgent warning over ai-powered hacking & CISO of the Year. 26 May 2026 Quickly and easily searching for security vulnerabilities in software is now possible with artificial intelligence (AI). These AI systems work faster than humans and never get tired, something that could have major implications for the digital security of companies and organisations worldwide. Last thursday, hundreds of cybersecurity professionals gathered during CISODAY to discuss developments such as these. Security Delta (HSD) acted as an endorsing partner of CISODAY 2026. CISODAY brings together cybersecurity leaders to share ideas, use cases, and best practices in an informal setting. This year, it was all about AI systems that are now capable of discovering serious vulnerabilities, including flaws that could allow hackers to infiltrate or disable computer systems. Some of these weaknesses may have existed unnoticed in software for years. "This evolution means vulnerabilities are now being discovered in systems that may be twenty years old," Dimitri Van Zantvliet (chairman of the professional association CISO Platform) says. "We need to accelerate our efforts to fix these flaws before they can be exploited." "That is why companies and organisations must be able to respond extremely quickly," warns Matthijs van Amelsfort, Director of the Dutch National Cyber Security Centre (NCSC). "In the past, it would take days before attackers exploited a vulnerability. Now it takes hours," he says. "Soon, it could take mere minutes." According to van Zantvliet, the urgency of the issue is widely recognised within the cybersecurity community. "There is no panic, but it is certainly urgent," he explains. CISO of the Year 2026. Kay Behnke, CISO at Genmab, won the CISO of the Year Award. He earned the award for his efforts to integrate Genmab's security team into existing business processes successfully. His contributions to industry organisations also played a role. Inge Bryan (former CEO of Fox-IT, among other roles) and Aart Jochem (former CISO of the Dutch government) are sharing this year's Cybersecurity Achievement Award. The award was presented at CISODAY, which drew more than 300 cybersecurity professionals from large companies, the government, and non-profit organisations in the Netherlands. Kay's background in (medical) informatics, business administration, and cybersecurity consulting for the government and the private sector, along with his other contributions to the field, have made him a highly well-rounded leader in cybersecurity, according to the jury. "Kay demonstrated to the jury that he possesses a clear vision and a professional approach, and that he is capable of functioning within a large, complex organization where many interests are at stake," said Martijn de Hamer, jury chair and acting CISO for the Dutch government. The other two CISOs nominated for the award were Walter van Oostrum (Het CAK) and Wim Sonnemans (Philips). They, too, scored high to very high on nearly all selection criteria, with Van Oostrum's long and partly informal career path standing out in particular, as well as Sonnemans' academic background in cryptography and computer crime. "The candidates once again went through a rigorous selection process," said jury member Lokke Moerel, "and I think we have a winner the community can be proud of." With the annual CISODAY and the award, the CISO Community aims to improve the CISO's position within organisations and strengthen mutual cooperation. The ultimate goal is to raise the Netherlands' cyber resilience to a higher level. The theme of this year's event was "Ecosystem Resilience." CISODAY 2027.

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