Aug. 14 at 8:15 PM
$MGNX Result Drivers
* REVENUE INCREASE - Higher manufacturing volume and increased collaboration revenue drove Q2 revenue to
$22.2 mln
* ROYALTY AGREEMENT -
$70 mln upfront payment from Sagard for ZYNYZ royalty purchase agreement contributed to financial position
* COST MANAGEMENT - Decreased R&D and SG&A expenses helped narrow net loss to
$36.3 mln