Genmab — Maj 2020

[E_L]

Announcing the Addition of Two New TEPEZZA Pipeline Programs: New TEPEZZA Trial in Fibrotic TED , New Potential TEPEZZA Subcutaneous Administration Program, TEPEZZA dcSSc Exploratory Trial ..... https://ir.horizontherapeutics.com/news-releases/news-release-details/horizon-therapeutics-plc-reports-strong-first-quarter-2020

[troldmanden]

EL we dont know yet if dara SC and ofa will be succesful launch

[troldmanden]

NOVO just today mentioned that thier new launch is impacted a lot due to the situation that thier sales employees can not visit

[E_L]

no we don't know, . What I am saying is that A launch CAN be successful , giving Tepezza
as example

[GeorgeBest]

Thanks E L - great news

[E_L]

the link shows some of the factors Horizon think contributed to the strong launch, have a look

[GeorgeBest]

That could be around 15 million USD in Teppezza royalties this year

[E_L]

pays for Jan's bonus

[Sukkeralf]

Thats great

[Sukkeralf]

Dont think dara sc will require that much from the salesrep because this isjust a easier formulation to use - the price is the same - and there are more or less no competition right now.

[Sukkeralf]

For Ofa its a bit different because you need to compete with Roche/Genentechs Ocrevus - so here you maybe need the salesreps to some good work

[Sukkeralf]

to do some good work

[E_L]

yes. maybe it is worthwhile reposting a comment from Novartis Q1

[E_L]

Lastly, on ofatumumab, that's clearly the focus, bringing a highly efficacious B-cell therapy, which is safe, which can be administered at home. And particularly now in a post-COVID period, this is going to be absolutely paramount for the market and for patients. So we're very excited about this prospect. And clearly, we're focusing for a big launch in this area.

[E_L]

"Now more than ever, bringing a B-cell therapy that's highly efficacious and administered at home is highly attractive."

[E_L]

it is a good selling point now, the question is indeed how difficult it is to get that to doctors and patients

[Henrikhot]

Genmab will receive mid-single digit royalties on sales of TEPEZZA. 5% af 200M$=10M$ vel også en slags penge

[GeorgeBest]

I have seen analysts calculate with 6.5%

[Solsen]

We actually dont know. But 5-7% is a guess.

[Solsen]

Not much value now to Genmab besides they have created something that make a great difference to patients But they expect norths of $1bn sales in future.