NORDIC | BIOTECH & HEALTHCARE Your insights into listed Danish & Nordic biotech & healthcare stocks.
In the past week, the Danish biotech and healthcare sector rose 1.1%. Most notably, Ascendis Pharma announced positive 3-year data for TransCon, further consolidating the long-term benefits of its product. Furthermore, Genmab announced sales of Darzalex at USD 3.54 billion and Kesimpta at USD 1.08 billion, surpassing expectations. Genmab receives royalties of Darzalex and Kesimpta. Finally, SynAct Pharma received MSEK 17.7 after conversion of warrants, securing additional capital.
Latest news for the Danish biotech companies
Acarix AB has developed a technology to identify heart diseases. Moving forward, product sales are the main driver for the stock.
No news in the past week
Ascendis Pharma develops so-called prodrugs, which are medications that start in an inactive form and become active once inside the body. The main stock price driver going forward is the development and commercialization of its TransCon technology.
New 3-Year Phase 3 data confirmed sustained response to Ascendis’s TransCon® PTH (Palopegteriparatide) therapy in adults with hypoparathyroidism, including improvements in biochemistries, kidney function, and quality of life
Biosergen is developing BSG005 to treat serious and life-threatening fungal infections safely and with limited side effects, contrary to current drugs. The main price triggers are centered around product development and the ongoing clinical trials
No news in the past week
Cessatech develops pain treatments for children. The company is finalizing its phase 3 study for its lead candidate, and the main price driver will be the commercialization for this product.
No news in the past week
Curasight is focused on diagnosing (uTRACE) and treating cancer (uTREAT) through targeted radionuclide therapy. The benefit is treating cancer at the cellular level without harming healthy cells. The main driver of the stock moving forward is the financing of the portfolio as well as pipeline and partnership development. You can read our full investment case here (in Danish).
No news in the past week
DanCann Pharma focuses on discovering, developing, and producing medical cannabis for pain and neurological conditions. The stock price drivers are regulatory progress and sales development.
No news in the past week
Evaxion Biotech develops personalized immunotherapies and vaccines, with recent advancements in their cancer vaccine candidate EVX-01. Clinical trial outcomes and technological innovations currently drive the stock price.
No news in the past week
ExpreS2ion provides protein production technologies for vaccine development and has its own pipeline. Key stock drivers include pipeline progression and licensing agreements.
No news in the past week
Fluoguide develops tumor-targeted products that make cancer visible on imaging solutions to improve cancer surgery outcomes, especially within brain and head & neck cancer surgery. The main stock driver is the clinical validation of their imaging technology and additional partnerships.
No news in the past week
Genmab focuses on creating differentiated antibody therapeutics for the treatment of lymphatic leukemia and solid tumors. Genmab has developed Darzalex, with sales of nearly USD 12 billion in 2024. The stock performance is primarily driven by product sales and pipeline developments.
Genmab announced net sales of DARZALEX® (daratumumab) for the second quarter of 2025 at USD 3.54 billion, of which Genmab receives royalties. Furthermore, Novartis had sales of Kesimpta at USD 1.08 billion in the second quarter of 2025. Genmab receives 10% of the sales.
Gubra offers preclinical contract research services and develops treatments for metabolic diseases. Key stock drivers are partnerships and progress in their internal drug pipeline
No news in the past week
Initiator Pharma develops treatments for erectile dysfunction and neuropathic pain. The main stock catalyst is the outcome of clinical trials.
Initiator Pharma carried out a directed new share issue to guarantors
IO Biotech is developing immune-modulating therapies for cancer, with a focus on conditions like melanoma. Stock performance is driven by clinical trial advancements.
No news in the past week
Pila Pharma is working on TRPV1 antagonists aimed at treating type 2 diabetes. Early clinical data and funding developments are key stock drivers.
No news in the past week
Saniona focuses on ion channel-targeted therapies, including rare eating disorders. The main stock driver is the progression of their clinical pipeline and the approval of the weight loss drug Tesofensine in Mexico.
No news in the past week
SynAct Pharma develops drugs targeting inflammatory diseases through melanocortin pathways. Clinical milestones significantly influence stock performance
SynAct to received SEK 17.7 million after conversion of warrants
ViroGates provides prognostic products for acute care settings to improve patient triage. Stock drivers include hospital adoption rates and revenue growth.
No news in the past week
Y-mAbs Therapeutics develops antibody-based therapies for pediatric cancers. Stock performance is driven by regulatory approvals and commercialization efforts.
No news in the past week
Zealand Pharma specializes in peptide-based treatments for metabolic and gastrointestinal diseases. The stock has seen increased awareness following the obesity hype, and advancements in its late-stage pipeline and partnerships are key stock price influencers.
No news in the past week
2cureX offers the IndiTreat platform for individualized cancer treatment testing. The main stock driver is the adoption of their technology by hospitals and subsequent sales growth.
No news in the past week
The latest share price developments for the Danish biotech stocks
On average, the Danish biotech and healthcare stocks delivered a return of 1.1%. Most notably, Ascendis Pharma announced positive 3-year data of its phase 3 study, further confirming the positive response of its TransCon therapy in adults with hyperparathyroidism with improvement in kidney function and quality of life. Furthermore, Genmab announced sales of Darzalex in the second quarter of 2025 at USD 3.54 billion, higher than expected. Furthermore, Genmab’s partner, Novartis, got sales of Kesimpta at USD 1.08 billion, where Genmab receives 10% of the sales in royalties. Finally, SynAct Pharma received SEK 17.7 million after conversion of warrants, securing additional capital for future development.
Overview of share price development in the past week, year-to-date, and the last twelve months
DanCann Pharma does not appear on the list due to data issues.
AlzeCure AB is raising capital
AlzeCure Pharma AB is a Swedish pharmaceutical company developing innovative new drug therapies for the treatment of serious diseases affecting the central nervous system, such as Alzheimer’s, where there are limited treatments available. The company has completed phase 1 studies in Alzheimer’s and is in phase 2 for neuropathic pain. The company wants to raise MSEK 48.5, and the subscription period runs until July 22, 2025.
