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ZLAB - As Losses Narrow Is Zai Lab Finally Finding Its Winning Formula?
Zai Lab Limited
Zai Lab reported its loss shrank 65% in the first quarter of the year while its revenues continued to rise.
The company slashed its R&D costs by cutting licensing payments for existing drugs while spending more on finding new remedies.
If Zai Lab manages to find the right cure for its balance sheet woes and succeeds in becoming a biopharma innovator, it could eventually give investors that long-awaited dose of profits.