Genmab — Oktober 2015

[Solsen]

Pga skatteregler i US kan de bruge ubeskattet oversøisk indkomst til at købe. Dvs at de reelt kun betaler $15 bn, hvis prisen er $20 bn.

[Solsen]

Ved køb nu sidder de stort set på duobody og hexabody teknologien.

[dingleberry]

Usd 20b virker som en voldsom premium. Mindre kan gøre det for mig

[Solsen]

$37 bn cash ligger parat hos JNJ http://www.bloomberg.com/news/articles/2015-10-13/j-j-s-still-mulling-acquisitions-amid-10-billion-share-buyback?cmpid=yhoo.headline

[Solsen]

Me2

[dingleberry]

Det er ikke krigskassen, det skorter på. GEN er et greb i lommen

[dingleberry]

Vores kolleger i US ryster stadig gevaldigt på hånden. Mon det er noget autoimmunt?

[Solsen]

BIIB står vel for en del af faldet. Mener de vægter godt i NBI.

[dingleberry]

Du kan se sammensætningen her - http://www.investing.com/indices/nasdaq-biotechnology-components

[dingleberry]

Det er bøllebank i bred forstand

[Solsen]

Jo det kan man godt sige.

[Budweis]

J&J Earnings Report Q315 Conference Call Transcript er nu online. - http://www.thestreet.com/story/13322803/10/johnson-johnson-jnj-earnings-report-q3-2015-conference-call-transcript.html

[Budweis]

Der er lidt om M&A under Q&A delen.

[Budweis]

"We have the financial strength and flexibility to do both and we're very pleased to be able to continue to do that. " (om aktietilbagekøb og
M&A)

[Budweis]

Nærlæs lige den her - "We'll do our best to structure any M&A activity in a way that can optimize the effective use of the O-US cash in a tax-efficient manner. We continuously work on that and our team is very good at developing strategies to do that. But more to come on that at a
later time. "

[Solsen]

And despite significant media attention on drug pricing there really isn't a consensus on policy solutions that would lower prices without negatively impacting innovation. That's the key point.

[Solsen]

Denne kan jeg også godt lide i dette sure marked

[Solsen]

Ja Budweis de O-US Cash er lige til Genmab

[Solsen]

we have a disciplined capital allocation strategy, and share repurchases just happen to be third in line after M&A and dividends being first.

[Solsen]

Altså 1. prioritet et køb i udlandet....