Latest news with #royalties
Yahoo
21 hours ago
- Business
- Yahoo
Genmab Announces Net Sales of DARZALEX® (daratumumab) for Second Quarter of 2025
Company Announcement Net sales of DARZALEX® in the second quarter of 2025 totaled USD 3,539 million Genmab receives royalties on worldwide net sales from Johnson & Johnson (J&J, legal entity Janssen Biotech, Inc.) COPENHAGEN, Denmark; July 16, 2025 – Genmab A/S (Nasdaq: GMAB) announced today that worldwide net trade sales of DARZALEX (daratumumab), including sales of the subcutaneous (SC) product (daratumumab and hyaluronidase-fihj, sold under the tradename DARZALEX ® in the U.S.), as reported by J&J were USD 3,539 million in the second quarter of 2025. Net trade sales were USD 2,017 million in the U.S. and USD 1,521 million in the rest of the world. Genmab receives royalties on the worldwide net sales of DARZALEX, both the intravenous and SC products, under the exclusive worldwide license to J&J to develop, manufacture and commercialize daratumumab. About Genmab Genmab is an international biotechnology company with a core purpose of guiding its unstoppable team to strive toward improving the lives of patients with innovative and differentiated antibody therapeutics. For more than 25 years, its passionate, innovative and collaborative team has invented next-generation antibody technology platforms and leveraged translational, quantitative and data sciences, resulting in a proprietary pipeline including bispecific T-cell engagers, antibody-drug conjugates, next-generation immune checkpoint modulators and effector function-enhanced antibodies. By 2030, Genmab's vision is to transform the lives of people with cancer and other serious diseases with knock-your-socks-off (KYSO) antibody medicines®. Established in 1999, Genmab is headquartered in Copenhagen, Denmark, with international presence across North America, Europe and Asia Pacific. For more information, please visit and follow us on LinkedIn and Marisol Peron, Senior Vice President, Global Communications & Corporate AffairsT: +1 609 524 0065; E: mmp@ Andrew Carlsen, Vice President, Head of Investor RelationsT: +45 3377 9558; E: acn@ This Company Announcement contains forward looking statements. The words 'believe,' 'expect,' 'anticipate,' 'intend' and 'plan' and similar expressions identify forward looking statements. Actual results or performance may differ materially from any future results or performance expressed or implied by such statements. The important factors that could cause our actual results or performance to differ materially include, among others, risks associated with preclinical and clinical development of products, uncertainties related to the outcome and conduct of clinical trials including unforeseen safety issues, uncertainties related to product manufacturing, the lack of market acceptance of our products, our inability to manage growth, the competitive environment in relation to our business area and markets, our inability to attract and retain suitably qualified personnel, the unenforceability or lack of protection of our patents and proprietary rights, our relationships with affiliated entities, changes and developments in technology which may render our products or technologies obsolete, and other factors. For a further discussion of these risks, please refer to the risk management sections in Genmab's most recent financial reports, which are available on and the risk factors included in Genmab's most recent Annual Report on Form 20-F and other filings with the U.S. Securities and Exchange Commission (SEC), which are available at Genmab does not undertake any obligation to update or revise forward looking statements in this Company Announcement nor to confirm such statements to reflect subsequent events or circumstances after the date made or in relation to actual results, unless required by law. Genmab A/S and/or its subsidiaries own the following trademarks: Genmab®; the Y-shaped Genmab logo®; Genmab in combination with the Y-shaped Genmab logo®; HuMax®; DuoBody®; HexaBody®; DuoHexaBody®, HexElect® and KYSO®. DARZALEX® and DARZALEX FASPRO® are trademarks of Johnson & Johnson. Company Announcement no. 38CVR no. 2102 3884LEI Code 529900MTJPDPE4MHJ122 Genmab A/SCarl Jacobsens Vej 302500 Valby Denmark Attachment 160725_CA38_DARZALEX Q2 2025 salesError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News.com.au
2 days ago
- Entertainment
- News.com.au
Guy Sebastian's manager found not guilty of four counts jury returns partial verdict
Guy Sebastian's former manager has been found not guilty of four counts of embezzling money from the former pop star. Titus Emanuel Day stood trial in the NSW District Court where he battled allegations he embezzled more than $600,000 in royalties and performance fees from the Australian Idol winner between 2013 and 2020. Since his arrest more than five years ago, Day has denied the allegations and he pleaded not guilty to 34 counts of embezzlement as a clerk or servant. He also pleaded not guilty to one count of attempting to dishonestly obtain financial advantage by deception. On Tuesday, the jury returned verdicts finding Day not guilty of four counts of embezzlement. Those four counts related to allegations that he embezzled over $113,000 worth of Mr Sebastian's performance fees relating to a Big Bash game, a wedding, a corporate gig for Harvey Norman and an ambassadorship with Dreamworld. The jury on Tuesday rejected the Crown prosecution's version of events relating to those counts. They have been told to continue to deliberate on the remaining 31 counts. Mr Day stood trial accused of embezzling over $620,000 in performance fees and royalties by failing to remit the money to Mr Sebastian. Mr Day maintained that some accounting errors were the result of family difficulties at the time which resulted in his attention being elsewhere, and a mistaken belief that some of the money that came into his company's account for Mr Sebastian related to another client. He also held a view that the former Australian Idol winner owed him unpaid commissions, his barrister Thomas Woods told the court during the trial. Mr Woods also told the court that performance fees from the Swift tour were used to purchase shares on Mr Sebastian's behalf. 'It is not implausible that my client made a wrong assumption in relation to these counts in the indictment … That he made a mistake is not fanciful or far fetched,' Mr Woods told the jury. During his closing address to the jury, Crown prosecutor Brett Hatfield SC said Mr Day had fabricated invoices to demand payment from Mr Sebastian. Mr Day denied having fabricated the documents and his barrister Thomas Woods argued the allegation could not be proven and was 'fanciful'. Mr Sebastian first worked with Day while he was with his former talent agency, 22 Management. Mr Sebastian agreed to follow him as a marquee client when Day created his own agency, 6 Degrees Management, in 2009. The court heard that Mr Sebastian was Day's long-time client and friend, however they had a bitter falling out in 2017 after Mr Sebastian raised questions over financial records. Mr Sebastian during his evidence told the court he was happy with Mr Day's management when he first moved into his stable.
CTV News
5 days ago
- Entertainment
- CTV News
Festival d'été de Québec sued for copyright infringement
Festival-goers attend the Festival d'été de Québec on Friday, July 12, 2019, in Quebec City. (AP Photo provided by Amy Harris/Invision/AP/The Canadian Press) The Festival d'été de Québec (FEQ), which is coming to an end, is being sued by the Society of Composers, Authors and Music Publishers of Canada (SOCAN) for copyright infringement and failure to pay royalties for approximately three years, according to a report by the National Post. The lawsuit filed in Federal Court alleges that the festival organizers 'have not paid royalties or submitted reporting forms to SOCAN since July 2022,' the newspaper reported on Friday. The Festival international d'été de Québec Inc. and the BLEUFEU agency, which is behind the FEQ, are named as defendants in the case. SOCAN is responsible for licensing and collecting royalties on licensed music in Canada. It represents more than 200,000 Canadian authors, composers, and publishers, as well as millions of rights holders through a network of more than 100 collecting societies in over 200 countries. Among the 11 groups and artists named in the lawsuit are Les Trois Accords, Karkwa, Alexandra Streliski, and Montreal rock band Half Moon Run. 'SOCAN will seek redress for all of these activities,' according to court documents obtained by The National Post. In the lawsuit, SOCAN alleges that 'the organizers relied on their tax status as charities to exempt themselves from paying royalties to music creators and their publishers when their music is played at the festival venue,' the newspaper reports. 'Failure to pay royalties to music creators and their publishers undermines the foundations of the music industry and deprives them of the income they are legitimately entitled to for their work,' SOCAN said in a written statement on its website. FEQ organizers did not respond to the National Post's request for comment. The Festival d'été de Québec will conclude on Sunday after 10 days of programming. Singer Farruko, one of the most influential figures in Latin music and reggaeton, originally from Puerto Rico, will close the festivities on the Plains of Abraham on Sunday evening, starting at 9:30 p.m. On Saturday evening, pop and country music star Shania Twain will entertain the crowd. This report by The Canadian Press was first published in French on July 12, 2025.
Globe and Mail
6 days ago
- Business
- Globe and Mail
Sitio Royalties Schedules Second Quarter 2025 Earnings Release
Sitio Royalties Corp. (NYSE: STR) ('Sitio') today announced that it will report operating and financial results for the second quarter 2025 on Wednesday, August 6, 2025, after the close of trading on the New York Stock Exchange. Due to the pending merger with Viper Energy, Inc. (NASDAQ:VNOM), Sitio will not host a conference call. About Sitio Royalties Corp. Sitio is a shareholder returns-driven company focused on large-scale consolidation of high-quality oil & gas mineral and royalty interests across premium basins, with a diversified set of top-tier operators. With a clear objective of generating cash flow from operations that can be returned to shareholders and reinvested, Sitio has accumulated over 270,000 NRAs through the consummation of over 200 acquisitions to date. More information about Sitio is available at Forward Looking Statements This news release contains statements that may constitute 'forward-looking statements' for purposes of federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intends,' 'may,' 'might,' 'plan,' 'seeks,' 'possible,' 'potential,' 'predict,' 'project,' 'prospects,' 'guidance,' 'outlook,' 'should,' 'would,' 'will,' and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties that could cause our actual results, performance, and financial condition to differ materially from our expectations and predictions. See 'Risk Factors' in Sitio's publicly filed documents with the SEC for a discussion of risk factors that affect Sitio's business. Any forward-looking statement made in this news release speaks only as of the date on which it is made. Factors or events that could cause actual results to differ may emerge from time to time, and it is not possible to predict all of them. Sitio undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future development, or otherwise, except as may be required by law.
Globe and Mail
10-07-2025
- Business
- Globe and Mail
Triple Flag Completes Acquisition of Orogen Royalties and its 1.0% NSR Royalty on the Arthur Gold Project in Nevada
Triple Flag Precious Metals Corp. (with its subsidiaries, 'Triple Flag' or the 'Company') (TSX: TFPM, NYSE: TFPM) is pleased to announce the completion of the previously announced acquisition of all the issued and outstanding common shares of Orogen Royalties Inc. ('Orogen') pursuant to a plan of arrangement (the 'Transaction'). Unless otherwise indicated, all amounts are expressed in US dollars. As part of the Transaction, Triple Flag acquired Orogen's 1.0% net smelter returns ('NSR') royalty on the Arthur gold project (formerly the Expanded Silicon gold project) in Nevada being developed by AngloGold Ashanti plc. Pursuant to the Transaction, Orogen shareholders had the right to elect to receive either C$1.63 in cash or 0.05355 of a Triple Flag share for each Orogen share, and also received 0.25 shares in a newly created company ('Orogen Spinco') for each Orogen share. The shareholder election was subject to pro-ration such that the cash and share portions of the consideration paid by Triple Flag each represented 50% of the total consideration, excluding the value of Orogen Spinco. Based on the elections made, Triple Flag paid in aggregate C$171.5 million in cash and issued 5,633,629 Triple Flag common shares to Orogen shareholders. Orogen Spinco was transferred all of Orogen's assets and liabilities other than the 1.0% NSR royalty on the Arthur gold project. In conjunction with the completion of the Transaction, Triple Flag invested C$10 million to acquire 6,756,757 common shares in the capital of Orogen Spinco at a price of C$1.48 per share, representing an approximate 11% equity interest in Orogen Spinco. Sheldon Vanderkooy, CEO of Triple Flag, commented: 'We are pleased to announce the completion of this friendly transaction with Orogen. The addition of a 1.0% NSR royalty on the Arthur gold project meaningfully enhances our portfolio with a high-quality gold asset located in a premier jurisdiction. Operated by a top-tier producer in AngloGold Ashanti plc, the project offers exceptional long-term growth potential, underpinned by a rapidly expanding resource base and significant exploration upside.' "We are also excited to support Orogen Spinco through our C$10 million investment," Vanderkooy added. 'This investment gives us exposure to a compelling portfolio of early-stage royalties and partners us with a proven management team with a track record of discovering district-scale assets from disciplined grassroots exploration.' An early warning report will be filed by the Company in accordance with applicable Canadian securities laws and may be obtained using the contact information below or from the SEDAR+ profile of the Company at About Triple Flag Precious Metals Triple Flag is a precious metals streaming and royalty company. We offer investors exposure to gold and silver from a total of 237 assets, consisting of 17 streams and 220 royalties, primarily from the Americas and Australia. These streams and royalties are tied to mining assets at various stages of the mine life cycle, including 30 producing mines and 207 development and exploration stage projects. Triple Flag is listed on the Toronto Stock Exchange and New York Stock Exchange, under the ticker 'TFPM'. As of July 9, 2025, Triple Flag had 206,495,362 basic shares outstanding. Forward-Looking Information This news release contains 'forward-looking information' within the meaning of applicable Canadian securities laws and 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995, respectively (collectively referred to herein as 'forward-looking information'). Forward-looking information may be identified by the use of forward-looking terminology such as 'plans', 'targets', 'expects', 'is expected', 'budget', 'scheduled', 'estimates', 'outlook', 'forecasts', 'projection', 'prospects', 'strategy', 'intends', 'anticipates', 'believes' or variations of such words and phrases or terminology which states that certain actions, events or results 'may', 'could', 'would', 'might', 'will', 'will be taken', 'occur' or 'be achieved'. Forward-looking information in this news release include, but are not limited to, statements with respect to the occurrence, timing and intended benefits of the C$10 million investment in Orogen Spinco, including the upside potential of Orogen Spinco; the long-term growth potential, exploration upside and possible expansion of the resources base at the Arthur gold project. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances, including information in this news release regarding the Transaction and the anticipated benefits therefrom, contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding possible future events or circumstances. The forward-looking information included in this news release is based on our opinions, estimates and assumptions in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. The forward-looking information contained in this news release is also based upon a number of assumptions, including the ongoing operation of the properties in which we hold a stream or royalty interest by the owners or operators of such properties in a manner consistent with past practice; the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; and the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production. These assumptions include, but are not limited to, the following: assumptions in respect of current and future market conditions and the execution of our business strategies; that operations, or ramp-up where applicable, at properties in which we hold a royalty, stream or other interest continue without further interruption through the period; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated, intended or implied. Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Forward-looking information is also subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but are not limited to, those set forth under the caption 'Risk and Risk Management' in our management's discussion and analysis in respect of the fourth quarter and full year of 2024 and the caption 'Risk Factors' in our most recently filed annual information form, each of which is available on SEDAR+ at and on EDGAR at In addition, we note that mineral resources that are not mineral reserves do not have demonstrated economic viability and inferred resources are considered too geologically speculative for the application of economic considerations. Although we have attempted to identify important risk factors that could cause actual results or future events to differ materially from those contained in the forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this news release represents our expectations as of the date of this news release and is subject to change after such date. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All of the forward-looking information contained in this news release is expressly qualified by the foregoing cautionary statements. Cautionary Statement to U.S. Investors Information contained or referenced in this press release or in the documents referenced herein concerning the properties, technical information and operations of Triple Flag has been prepared in accordance with requirements and standards under Canadian securities laws, which differ from the requirements of the U.S. Securities and Exchange Commission ('SEC') under subpart 1300 of Regulation S-K ('S-K 1300'). Because the Company is eligible for the Multijurisdictional Disclosure System adopted by the SEC and Canadian Securities Administrators, Triple Flag is not required to present disclosure regarding its mineral properties in compliance with S-K 1300. Accordingly, certain information contained in this press release may not be comparable to similar information made public by U.S. companies subject to reporting and disclosure requirements of the SEC. Technical and Third-Party Information Triple Flag does not own, develop or mine the underlying properties on which it holds stream or royalty interests. As a royalty or stream holder, Triple Flag has limited, if any, access to properties included in its asset portfolio. As a result, Triple Flag is dependent on the owners or operators of the properties and their qualified persons to provide information to Triple Flag and on publicly available information to prepare disclosure pertaining to properties and operations on the properties on which Triple Flag holds stream, royalty or other similar interests. Triple Flag generally has limited or no ability to independently verify such information. Although Triple Flag does not believe that such information is inaccurate or incomplete in any material respect, there can be no assurance that such third-party information is complete or accurate.
