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ZLAB - Zai Lab Revenue Triples As It Struggles To Break Cycle Of Mounting Losses
Zai Lab Limited
Zai Lab reported its revenue grew 194% last year, but its loss also increased by 162% as it spent heavily on R&D and marketing.
The company hopes heavy R&D spending can reduce its dependence on licensed products by improving its capacity to innovate.
Zai Lab has placed more emphasis on R&D than rival BeiGene on a percentage basis, speaking to Zai’s relative aggressiveness when compared with its peers.