Genmab — Februar 2021
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But i’m a little uncertain about these nos because the Q4 royalty in my calcs is 19,4% (based on usddkk 6,24 and quarterly royalty of dkk 1521m
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EL - yes
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A yearly royalty rate of 16,12%
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With the Q2 once-in-a-lifetime-every-year adjustment we could be talking about the same nos
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And with the USDDKK being much lower in H2 is seems right my nos are lower than yours
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...and look what’s happening in the market right now...
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Also it seems royalties are calculated on a yearly basis but paid on a quarterly basis - then we must have some sort of regulation somewhere
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The thing is - GEN does not give us the royalty in USD
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