Genmab — April 2017

[digafarm]

Det må så være senest d. 27/4

[E_L]

EMA must be the correct one indeed. Guess Rachel didn't read the small print A few extra days of nervousness...

[JKY_VH]

I'm not worried about the approval. Dont worry be happy:-)

[digafarm]

Probably the friday news we have been longing for in two weeks time

[bibob]

God morgen

[bibob]

Ser ud til at GMXAY alligevel blev handlet i går. + 0,67. %.

[JKY_VH]

God morgen

[transalp]

Go morgen

[E_L]

FDA Grants Genentech’s Tecentriq (Atezolizumab) Accelerated Approval as Initial Treatment for Certain People with Advanced Bladder Cancer

[Helge_LarsenPI-redaktør]

God morgen.

[Sibelius]

@GlobalMacro, Thanks for sharing your thoughts. Totally agree with your line of thought re how investors and analysts need to see gradual proof of the pudding before upping targets and expectations.

[Sibelius]

I also agree that it is unlikely that Genmab remain independent for ten years more - or five for that matter.

[Sibelius]

However, before getting lost in P/E calculations etc., we should also consider what the strategy of the company is, and how this will change the operations and earings multiples.

[Sibelius]

Genmab will - if strategy becomes action and reality - become a completely different animal.

[Sibelius]

This will include a lot more investment - and risk - in new R&D. Also, taking greater responsibility for approvals, market launch and global sales of new products will lead to much higher leverage and roll-out risks.

[Sibelius]

It is quite difficult to factor all this in to the current stock price and current analyst targets. This is why targets are quite modest, as most are concerned with the next 4-6 years in their forecasts.

[Sibelius]

As Keynes said: In the long run we will all be dead anyways:-)

[transalp]

Hahaahaha Sibelius.. : )

[GlobalMacro 0]

@Sibelius, Good builds, agree with most of your views. Regarding P/E, Genmab's strategy - different animal, I also believe that will happen. In my analysis I was only accounting for Dara in MM, not outside MM, Arzerra in MS and other molecules etc. Therefore, yes Genmab will take much more risk in the future, I believe against that will also be much more earnings, Based on certain data and other sources I believe Dara in solid tumors will be a big succes and therefore

[GlobalMacro 0]

drive a lot of extra earnings fast.