NEWS ER
Positive
▪️Revenue increased significantly to $110.7M from $10.4M YoY
▪️Net income grew to $56.3M from $17.6M YoY
▪️Strong cash position of $200.4M
▪️Secured $100M milestone payment from Incyte
▪️Pending MARGENZA sale for $40M upfront plus up to $35M in milestones
▪️Revenue increased significantly to $110.7M from $10.4M YoY
▪️Net income grew to $56.3M from $17.6M YoY
▪️Strong cash position of $200.4M
▪️Secured $100M milestone payment from Incyte
▪️Pending MARGENZA sale for $40M upfront plus up to $35M in milestones
Negative
▪️R&D expenses increased to $40.5M from $30.1M YoY
▪️SG&A expenses rose to $14.1M from $12.4M YoY
▪️Paused development efforts in alternative tumor types for vobra duo
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