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BRIEF-Genmab: $50 mln milestone payment in collaboration on Darzalex
November 17, 2017 / 6:26 AM / in 24 days

BRIEF-Genmab: $50 mln milestone payment in collaboration on Darzalex

Nov 17(Reuters) - GENMAB A/S:

* SAID ON FRIDAY WILL RECEIVE MILESTONE PAYMENT OF USD 50 MILLION IN DARZALEX COLLABORATION WITH JANSSEN BIOTECH, INC.

* SAID MILESTONE TRIGGERED BY SALES OF DARZALEX REACHING USD 1 BILLION IN A CALENDAR YEAR

* THE MILESTONE WAS INCLUDED IN GENMAB’S 2017 FINANCIAL GUIDANCE PUBLISHED ON NOVEMBER 14, 2017

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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