Zai Lab Reports Strong Growth and Pipeline Expansion
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Zai Lab Reports Strong Growth and Pipeline Expansion

Zai Lab Ltd (HK:9688) has released an update.

Zai Lab Limited reported a 45% year-over-year growth in net product revenue for Q2 2024, particularly highlighting the success of VYVGART with sales of $23.2 million and a raised full-year revenue guidance. The company also announced the expansion of its oncology pipeline and the approval of three products in China, with a strong cash position of $730 million as of June 2024. Zai Lab is on track to achieve profitability by the end of 2025, with several new product launches anticipated in the near future.

For further insights into HK:9688 stock, check out TipRanks’ Stock Analysis page.

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