1619 GMT - Shares in Danish biotech company Genmab fall 6% after the company's fourth-quarter adjusted earnings and profit fell short of consensus expectations. Higher day-to-day spending resulted in adjusted earnings before interest and tax of $265 million for the quarter, short of consensus expectations of $330 million. Adjusted net profit of $229 million was below the $268 million analysts forecast. However, the recent acquisitions of cancer treatments Petosemtamab and Rina-S mean Genmab has "a credible long-term growth path," analysts at Jefferies write. "Genmab is now set for a catalyst-rich 2026." (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
February 18, 2026 11:19 ET (16:19 GMT)
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