Zai Lab's Q3 Loss Narrows as Revenue Grows; Shares Plunge 8%

MT Newswires Live

2024/11/13

Zai Lab's (HKG:9688) net loss narrowed to $41.7 million in the third quarter from $69.2 million in the year-ago period, according to a Tuesday filing with the Hong Kong stock exchange.

Loss per share at the biopharmaceutical company narrowed to $0.04 from $0.07 in the previous year.

Revenue grew 47% to $101.8 million from $69.2 million a year earlier.

Shares of the company fell 8% Wednesday morning in Hong Kong.

Price (HKD): $23.35, Change: $-1.1, Percent Change: -4.50%

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