Summary by Moomoo AI
WuXi AppTec-B announced its mid-year report for 2024, showing that for the six months ended June 30, 2024, the company's revenue was RMB 868 million, stable compared to RMB 877 million in the same period last year. The revenue mainly comes from the continued commercialization of the company's CAR-T immunotherapy product Belenus®. The loss for the period was RMB 240.3 million, a decrease from RMB 380.4 million in the same period last year. Research and development expenses decreased from RMB 216.5 million in the same period last year to RMB 151.0 million, mainly due to operational efficiency improvements and R&D strategy optimization. Sales expenses increased from RMB 60.2 million in the same period last year to RMB 76.2 million. As of the end of the...Show More