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Stock impact report

Alphamab Oncology Reports 2024 Interim Results and Business Highlights [Yahoo! Finance]

ArriVent BioPharma, Inc. (AVBP) 
Company Research Source: Yahoo! Finance
Financial Summary For the six months ended June 30, 2024 , we recorded total revenue of RMB 173.56 million , an increase of 27.18% compared with the first half of 2023. Meanwhile, product revenue amounted to RMB 90.64 million , a decrease of 22.54% compared with the same period of prior year. For the six months ended June 30, 2024 , our R&D expenditure amounted to RMB 194.53 million , basically unchanged as compared with the same period of prior year. For the six months ended June 30, 2024 , we recorded loss for the period of RMB 44.90 million . The loss for the period excluding exchange gain and loss was RMB 52.19 million , a decrease of 41.17% compared with the first half of 2023. We have a healthy financial position, with cash reserves of RMB 1,456.59 million as of June 30, 2024 Business Highlights Product Pipeline Distinguished by a globally competitive pipeline, the Company specializes in antibody-drug conjugation (ADC), single domain antibody, and multi-functional Show less Read more
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