JW (Cayman) Therapeutics Co. Ltd. (HK:2126) has released an update.
JW (Cayman) Therapeutics Co. Ltd reports stable revenue and gross profit for the first half of 2024, with a slight decrease in profit margins due to increased vector purchasing prices. The company achieved significant cost savings through reduced R&D and administrative expenses, while increasing selling expenses to bolster the commercialization of their CAR-T immunotherapy product, Carteyva. Despite these efforts, the company experienced a net loss, though it was substantially lower than the previous year, thanks to improved operational efficiency and stable currency exchange rates.
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