Strong Financial Performance
Genmab reported a 19% increase in total revenue, driven by a 27% growth in recurring revenue. Operating profit grew by 56%, and the company ended the first half with around $3 billion in cash. The improved guidance projects a 15% revenue growth for the year.
Positive Phase III Results for EPCORE FL-1
The EPCORE FL-1 trial met its dual primary endpoints of overall response rate and progression-free survival, reducing the risk of disease progression or death by 79%. These results will support global regulatory submissions.
Expanding Market for EPKINLY and Tivdak
Sales for EPKINLY and Tivdak increased by 60% year-over-year, contributing to 31% of total revenue growth. EPKINLY posted $211 million in global sales, a 74% year-over-year increase.
Pipeline Advancements
Rina-S showed promising results in advanced endometrial cancer with a confirmed ORR of 50%. Plans are underway for additional Phase III trials in both ovarian and endometrial cancers.