Summary by Futu AI
GenScript Bio announced its unaudited consolidated interim results for the six months ended on June 30, 2024, with strong revenue growth of 43.5% to USD 561.4 million. Non-cell therapy business revenue slightly decreased by 0.2%, while cell therapy business revenue significantly increased by 156.0%. Gross profit increased by 75.4% YoY to USD 307.0 million. The loss narrowed to USD 215.6 million, and the adjusted net loss reduced to USD 69.0 million. The company has not declared a mid-year dividend, nor purchased, sold, or redeemed any listed securities. The board of directors remains confident in the future development of the business and appreciates the support of shareholders and employees.