earnings
confidence high
sentiment positive
materiality 0.75
Zai Lab Q2 net product revenue $100.1M (+45% YoY); narrows net loss to $80.3M
Zai Lab Ltd
2024-Q2 EPS reported
-$0.14
revenue$187,653,000
- Net product revenue $100.1M, up 45% YoY (47% at CER); VYVGART contributed $23.2M vs $0.1M YoY.
- Net loss $80.3M ($0.82/ADS loss), improved from $120.9M loss ($1.25/ADS) in Q2 2023.
- Raises full-year VYVGART revenue guidance to exceed $80.0M; cash position $730.0M as of June 30.
- Three NMPA product approvals: XACDURO (HABP/VABP), efgartigimod SC (gMG), AUGTYRO (ROS1+ NSCLC).
- Expanded global oncology pipeline with next-gen ROR1 ADC (ZL-6301) via MabCare partnership.