. The company, listed on the NASDAQ under the ticker NASDAQ:GMAB, has seen its product become a significant contributor to its revenue stream since DARZALEX® received regulatory approval.

The report filed on April 15 is in accordance with SEC regulations for foreign private issuers and will be incorporated by reference into Genmab (NASDAQ:GMAB)’s future filings, including its registration statements on Form S-8, which pertains to securities offered to employees under employee benefit plans. The $12.4 billion biotech company, currently showing strong financial health according to InvestingPro analysis, maintains robust regulatory compliance while delivering impressive 31% year-over-year revenue growth.

Anthony Pagano, Executive Vice President & Chief Financial Officer of Genmab, signed off on the filing, underscoring the company’s commitment to regular financial disclosures as required by the SEC.

Genmab’s announcement is a routine part of its financial reporting cycle and provides investors with updated information on the performance of one of its key products. DARZALEX® is part of a competitive market for multiple myeloma treatments, and Genmab’s transparency in sales figures allows for a clearer understanding of its market position.

The company, headquartered in Copenhagen, Denmark, operates within the pharmaceutical preparations industry, under the SIC code 2834. This latest report reaffirms the company’s ongoing activities in the development and commercialization of pharmaceuticals.

This news is based on Genmab A/S’s recent SEC filing and serves as an update on the company’s financial performance for stakeholders and the broader investment community.

In other recent news, Genmab A/S has been actively involved in several financial maneuvers, including a significant share buyback program. The Danish biotech company announced the launch of a $610 million share repurchase plan, aiming to buy back up to 2.2 million shares. This initiative is intended to reduce the company’s capital and fulfill obligations under its Restricted Stock Unit program, with a completion target set for July 2025. Additionally, Genmab reported transactions under its current buyback program, with purchases occurring between March 26 and April 11, 2025, as part of its strategy to return value to shareholders.

The company has also declared a share capital reduction in a filing with the U.S. Securities and Exchange Commission, although the specifics of the reduction were not disclosed. These actions are part of Genmab’s broader strategy to optimize its capital structure and meet regulatory compliance. The buyback transactions are managed independently by Goldman Sachs International, ensuring adherence to market regulations.

Genmab’s financial activities are documented in several SEC filings, including Form 6-K, which provides detailed information on these transactions. The company’s Executive Vice President & Chief Financial Officer, Anthony Pagano, has signed off on these reports, underscoring their commitment to transparency. Investors and stakeholders can access these filings for comprehensive details on Genmab’s financial strategies.

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