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Arzerra sales give Genmab USD 5.76 million

The Danish antibody company receives a royalty payment of USD 5.76m from partner GlaxoSmithKline for Q3 sales of a popular leukemia drug. Although the payment is the same as the previous quarter, sales of the drug have improved.

Foto: Genmab, PR

One of Genmab’s most important products, leukemia drug Arzerra (ofatumumab), sold for a total of GBP 17.8m, or about USD 28.8m, in Q3 2013. Genmab’s licensing deal with partner GSK, meaning that Genmab receives royalties of at least 20 % from the sale of the drug, provides for a payment of about USD 5.76m for the Danish company for the quarter, Genmab reveals in a stock market release.

Although the payment of USD 5.76m is identical to the one Genmab received the previous quarter, sales of Arzerra have actually improved.

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