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Denmark's Genmab expands biotech collaboration with Janssen

COPENHAGEN (Reuters) - Danish biotech company Genmab on Wednesday announced an expansion of its Duobody antibody technology collaboration with Janssen Biotech, a part of Johnson & Johnson. Genmab said it will receive an initial payment of $2 million and potentially will be entitled to milestone and license payments of as much as $174 million to $219 million for each of ten additional programmes. (Reporting by Teis Jensen; Editing by David Goodman)

Cost control lifts Carlsberg's quarterly profit

Danish brewer Carlsberg announced on Wednesday growth in third-quarter profits despite a revenue drop, thanks to tight cost control measures. Carlsberg's net profit, which also benefited from favourable weather conditions in Western Europe, rose by 4.4 percent to 2.241 billion kroner (300 million euro, $403 million) from 2.146 billion kroner a year earlier.

Carlsberg owner may lower stake to facilitate growth

Danish brewer Carlsberg said on Friday its largest shareholder would soon be able to reduce its holding in the company so that the group could pursue takeovers more easily. The Carlsberg Foundation wants to change its charter so that it no longer has to own more than 25 percent of the company, while continuing to hold at least 51 percent of the voting rights, the Copenhagen-based brewer said.

Police evacuate area of Copenhagen over suspect car

COPENHAGEN (Reuters) - Danish police evacuated an area of central Copenhagen on Tuesday following the discovery of a parked car with wires attached to it, local television reported. "There are cables coming in and out of the vehicle and there are some suspicious items in it," a Copenhagen police spokesman told TV2 News. A military bomb disposal unit has been called to the scene, he said. (Reporting by Mette Fraende; Editing by Pravin Char)

Soccer-Struggling Brondby to cut wages by 25 percent

COPENHAGEN, Jan 8 (Reuters) - Brondby have announced that wages at the Copenhagen club are to be cut by 25 percent across the board. "We hope and believe that all employees will agree to this as it is the key to securing the short and long-term capital and liquidity and the continuation of the club," chief executive Tommy Hakansson said in a statement. An initial 10 percent wage cut is to be implemented immediately with a further 15 percent coming in three months.
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