Genmab announces share buyback transactions

COPENHAGEN, Denmark – Genmab (CSE:GMAB) A/S (NASDAQ:GMAB), a biotechnology company specializing in antibody therapeutics for cancer with a market capitalization of $12.31 billion, reported transactions under its share buyback program for the period April 14 to April 18, 2025, according to a filing with the U.S. Securities and Exchange Commission today. InvestingPro data shows the stock currently trades at $20.07, with analysts seeing potential upside based on their target prices.

The share buyback program, part of a broader capital allocation strategy, was executed in accordance with the authorization granted by the company’s shareholders. The transactions were made on the open market at prevailing market prices. According to InvestingPro analysis, Genmab maintains a strong balance sheet with more cash than debt and an impressive current ratio of 5.25, indicating robust liquidity to support such initiatives.

Under this program, Genmab A/S has repurchased shares with the intention to adjust the capital structure of the company and meet obligations arising from share-based incentive programs. The buyback details for the specified period include the number of shares acquired and their average purchase price, providing transparency to investors about the company’s activities.

This report on Form 6-K is incorporated by reference in Genmab A/S’s registration statements on Form S-8 and will be a part thereof from the date of filing, to the extent not superseded by documents or reports subsequently filed or furnished.

The share buyback program is part of Genmab’s ongoing efforts to deliver value to its shareholders and reflects the company’s confidence in its long-term growth prospects. Genmab continues to focus on the development of its product pipeline and the commercialization of its approved products. The company’s financial health score of 3.71 (rated as GREAT by InvestingPro) and minimal debt-to-equity ratio of 0.03 suggest strong fundamentals. For deeper insights into Genmab’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

The transactions were signed off by Anthony Pagano, Executive Vice President & Chief Financial Officer of Genmab A/S, ensuring compliance with regulatory requirements.

Investors can access detailed information about the share buybacks, including the total number of shares repurchased and the aggregate purchase price, in the appendix of the company’s announcement. The information provided in this SEC filing offers a factual account of the company’s recent financial activity and is based on the press release statement issued by Genmab A/S.

In other recent news, Genmab A/S has reported several significant developments. The company has highlighted its financial performance, particularly emphasizing the contribution of its product DARZALEX® to its revenue stream following regulatory approval. Genmab also disclosed share buyback transactions conducted between April 7 and April 11, 2025, as part of its ongoing strategy to return value to shareholders. This buyback program is managed independently by a third-party financial institution to comply with market regulations. Furthermore, Genmab announced a share capital reduction, which marks a strategic adjustment to its capital structure, although specific details regarding the extent of this reduction were not provided. The company’s Executive Vice President & Chief Financial Officer, Anthony Pagano, has been instrumental in ensuring compliance with reporting requirements, signing off on these filings. These developments are part of Genmab’s broader financial strategies and have been documented in recent SEC filings, ensuring transparency and regulatory adherence. Investors can refer to the company’s official announcements and filings for detailed information on these activities.

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