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Genmab A (GMAB): Price Up $0.95 (2.96)% Over Past Day, Down $-0.23 (-0.69)% Over Past Hour
Get Ratings)’s price is down $-0.23 (-0.69%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment meaning the trend across timeframes is inconsistent, indicating a potential
opportunity for rangebound traders.
GMAB’s Technical Outlook on the Daily Chart
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Genmab Achieves USD 40 Million Milestone in Collaboration with AbbVie
Genmab A/SJanuary 13, 2021 GMT
Company Announcement
Milestone triggered by progress in Phase 3 study of epcoritamab in diffuse large B-cell lymphoma
Copenhagen, Denmark; January 13, 2021 – Genmab A/S (Nasdaq: GMAB) announced today that it has reached the first milestone in its collaboration with AbbVie. A USD 40 million milestone payment was triggered by the first patient dosed in the Phase 3 study of subcutaneous epcoritamab versus investigator’s choice of chemotherapy in patients with relapsed or refractory diffuse large B-cell lymphoma (DLBCL).