Generation Bio Reports Business Highlights and Third Quarter 2022 Financial Results
Retrieved on:
Thursday, November 3, 2022
CAMBRIDGE, Mass., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Generation Bio Co. (Nasdaq: GBIO), a biotechnology company innovating genetic medicines for people living with rare and prevalent diseases, reported business highlights and third quarter 2022 financial results.
Key Points:
- CAMBRIDGE, Mass., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Generation Bio Co. (Nasdaq: GBIO), a biotechnology company innovating genetic medicines for people living with rare and prevalent diseases, reported business highlights and third quarter 2022 financial results.
- Since co-founding Generation Bio in 2017, Dr. Samayoa has led strategy, corporate and portfolio development, most recently serving as senior vice president.
- R&D Expenses:Research and development (R&D) expenses were$21.2millionfor the quarter ended September 30, 2022, compared to $22.0 million for the quarter ended September 30, 2021.
- G&A Expenses:General and administrative (G&A) expenses were$11.5millionfor the quarter ended September 30, 2022, compared to $9.7 million for the quarter ended September 30, 2021.