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GMAB — Genmab A/S

GMAB (Genmab A/S) stock: $53.63, $33.47B market cap, $1.72B cash, $37.03B EV, $3.45B fully diluted market cap. Data from Fully Diluted's biotech stocks database.

What they do

–Information on the Company —Government Regulation ” for more information about BTD, FTD and accelerated approval programs for expedited review. Risks Related to Our Products We may be affected by reports of adverse events or safety concerns relating to our products or product candidates.

Source: 20-F FY2025 via SEC EDGAR

Share price
$53.63
Market cap
$33,468.3M
Cash
$1,715.0M
Enterprise value
$37,027.3M

Balance sheet

Cash$1,715.0M
Debt$5,274.0M
Net cash-$3,559.0M
Enterprise value$37,027.3M
Basic shares64.2M shares
Fully diluted shares64.2M shares
Fully diluted market cap$3,445.1M
Cash per share$26.70
Quarterly burn+$418.5M generated

Cash figures as of 2025-12-31. Database snapshot: 2026-11-07.

Share structure

Common
64.2M
Pre-funded warrants
0.0M
Options
—
RSUs
—
Warrants
0.0M
Converts
0.0M
Conv preferred
0.0M
ESPP reserve
0.0M
FDSO
64.2M

Cap table as of 2025-12-31.

Price history

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Next catalyst

BNT314 · Now - Nov 10, 2026 Now · Phase 1 · Advanced Malignant Solid Tumor

Recently reported

Pembrolizumab Phase 3 Positive · 2026-10-28
PD-L1
Primary: Overall survival (OS) and objective response rate (ORR), the dual primary endpoints of the Phase 3 LiGeR-HN1 trial (NCT06525220), at the first interim analysis — OS: HR 0.50 (95% CI, 0.37, 0.67); p<0.0001; ORR: odds ratio 3.17 (95% CI, 2.06, 4.89; p<0.0001) — both dual primary endpoints met
· Petosemtamab in combination with pembrolizumab reduced the risk of death by 50% versus pembrolizumab alone
· Benefit regardless of HPV status, in first-line PD-L1 positive recurrent/metastatic head and neck squamous cell carcinoma (HNSCC)
· First interim analysis assessed by an independent data monitoring committee (IDMC)
· Patients randomized 1:1 to petosemtamab plus pembrolizumab or pembrolizumab alone
· Petosemtamab has U.S. FDA Breakthrough Therapy Designation for the first-line treatment of patients with recurrent or metastatic PD-L1-positive HNSCC in combination with pembrolizumab
· Genmab plans to engage global regulatory authorities and will submit full results for presentation at a future medical meeting
Safety: The safety profile of petosemtamab when administered in combination with pembrolizumab was generally well tolerated and consistent with the previously reported safety profiles of the individual agents; no new safety signals were identified.
Source release →
pembrolizumab Phase 2 Positive · 2026-10-26
PD-L1
Primary: Objective response rate (ORR) and safety in the Phase 2 trial (NCT03526835) — Median overall survival of 28.2 months, associated with an overall response rate (ORR) of 63% and median progression free survival (mPFS) of 9.0 months in efficacy-evaluable patients (n=43), including a complete response (CR) rate of 19%
· 12-month OS rate, 79%
· Median duration of response (mDOR) was not reached, with an estimated 55% of responders maintaining a response at 24 months
· Median PFS was 9.0 months (95% CI, 5.2–12.9; 12-month PFS rate, 40%)
· Median duration of follow-up was 25.5 months as of May 15, 2026
· 45 patients were treated in the first-line combination arm with 1500 mg of petosemtamab every two weeks plus 400 mg of pembrolizumab every six weeks
· Responses were observed across HPV-positive and HPV-negative disease and across combined positive PD L-1 expression levels and p16 subgroups
Safety: Most common treatment-emergent adverse events (all grade/Grade 3-4) were asthenia (51%/7%), acneiform dermatitis (51%/7%), and rash (49%/2%); infusion-related reactions occurred in 38% of patients (7% Grade 3-4), and all resolved; no Grade 5 events nor treatment-related deaths were reported
Source release →
Petosemtamab Phase 2 Positive · 2026-10-25
Metastatic colorectal cancer (mCRC)
Source release →
Rina-S Phase 3 Positive · 2026-10-23
RAINFOL-02
Primary: Progression-free survival (PFS) — Trial met its primary endpoint: Rina-S demonstrated a 71% reduction in the risk of disease progression or death in the intent-to-treat (ITT) population (HR 0.29; 95% CI, 0.23-0.37; p<0.0001); in the primary analysis set (PAS) population, HR 0.33 (95% CI, 0.26–0.42; p<0.0001)
· Key secondary endpoint overall survival (OS) also met: HR 0.43 (95% CI, 0.31–0.59; p<0.0001) in the ITT population
· OS in the PAS population: HR 0.44 (95% CI, 0.31–0.63; p<0.0001)
· ITT population N=584, all randomized patients with platinum-resistant ovarian cancer regardless of FRα expression
· PAS population N=492; mandated patients with FRα expression ≥75% PS2+ to have been treated with mirvetuximab
· Population: platinum-resistant ovarian cancer regardless of FRα expression level or prior treatment with mirvetuximab, versus investigator's choice chemotherapy
· Data will be submitted for presentation at a future medical meeting and discussed with regulatory authorities worldwide
Safety: Observed safety profile was consistent with the known profile of Rina-S, with no new safety signals or unexpected safety concerns identified
Source release →
Epcoritamab Phase 3 Positive · 2026-10-05
DLBCL-2
Source release →
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