MorphoSys AG saw a significant rise in revenue and liquidity in 2020 following the launch of its cancer drug Monjuvi (tafasitamab) in the US. Revenue was €327.7 million, up from €71.8 million in 2019. Liquidity at the end of the year amounted to €1.24 billion compared with €357.4 million at the end of 2019. Driving up revenue in the year were €18.5 million in sales of Monjuvi and royalty income of €42.5 million from Tremfya for plaque psoriasis. Tremfya was developed by Janssen Research & Development LLC using MorphoSys’ antibody technology.
