NasdaqGS:PGENBiotechs
Precigen (PGEN) Stock Rallies As PAPZIMEOS Delivers First Clean Profit
Precigen stock closed up 5.5% at US$6.89, and that move captures the mood around this report. The market is reacting to a single idea. The company just flipped from repeated quarterly losses to a profitable quarter on the back of PAPZIMEOS, its newly launched therapy for recurrent respiratory papillomatosis.
The headline is simple. Q2 revenue reached about US$55 million, with PAPZIMEOS accounting for roughly US$53.1 million and helping Precigen deliver net income of about US$20.1 million. The...