BeiGene's 2nd-quarter sales more than double

8 August 2022

Sino-American biotech BeiGene (HKEX: 06160) saw its shares close up more than 12% at 112.05 renminbi on Friday, after it reported financial results for the second quarter of 2022, recent business highlights, and anticipated upcoming milestones.

Revenue for the three months ended June 30 was up 127% at $341.6 million, compared to $150.0 million in the same period of 2021.

Operating loss decreased by $35.4 million, or 7.5% to $439.4 million, compared to $474.8 million in the same period last year Net loss was $571.4 million, or $0.43 per share, and $5.56 per American Depositary Share (ADS), compared to $480.3 million, or $0.40 per share, and $5.23 per ADS in the same period of 2021.

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