Genmab — Januar 2024

E_L

it isn't really that complicated, you just sell your rights to the royalties. And as a takeover party you need a lot less cash.

JørgenVarnæs

But I’m sure we can agree - if GEN is not sold at this current stock level - it is not going to happen in the foreseeable future

JørgenVarnæs

Now you’re assuming Jan is game for that. Hell will freeze over a lot sooner

JørgenVarnæs

However, it would be a great way to say - we will neverneverever do business with you again!

E_L

Fully agree. But in the end; the shareholders decide, not Jan

Plimsoller

E L. Well understood - thank you I must admit that I don't see that happening. If the H2H results with Dara are positive then JNJ will want to keep it for themselves (maybe not opt in but keep others away), and if they are negative, then the bidder wouldn't be very interested, or would be getting it for very little.

JørgenVarnæs

Am I the only one wondering about the silence from GEN?

E_L

agree. this is more for the hypothetical case that a potential bidder could decrease this cost price by selling off the CD38 franchise

E_L

it is the quiet period JV. You will hear from Jan again after the earnings.

JørgenVarnæs

…and such a transaction would unlock the value of the pipeline.

JørgenVarnæs

Such a shame it takes them 7-8 months to prepare the accounts

E_L

weeks?

JørgenVarnæs

They use to be very slow

JKY_VH

after all, there are large sums to be counted;-)

JørgenVarnæs

I have always been envious at the GEN CFO. Seems they do very little but employee share programs…

Bulder

Don’t forget the most likely bidder is jnj. They don’t have to sell cd38 rights.

JørgenVarnæs

Back in the day I did a DCF analysis for the purchase of 2 double hull VLCCs - went to lunch, came back, had a look at the numbers and realized that the numbers corresponded 1-to-1 to the purchase of a family sized Toyota. Only difference was my numbers were in USD and for ease we removed the last three 000’s

E_L

@Bulder we don't know if JNJ is interested in any other part of the business besides CD38. Maybe they would actually be happy to buy the CD38 it they could get it at the right price and let someone else run with the remainder. But it is all fiction for now.

E_L

well and the other duobodies ofcourse they own

Pensionisten

Hvor mange C25 selskaber er blevet opkøbt indenfor de seneste 10-20 år? Har ikke kunnet finde noget materiale herom. Mon ikke der er ganske, ganske få?