Lyell Immunopharma Reports Business Highlights and Financial Results for the Second Quarter 2023
Lyell reported a net loss of $63.9 million for the second quarter ended June 30, 2023, compared to a net loss of $36.3 million for the same period in 2022.
- Lyell reported a net loss of $63.9 million for the second quarter ended June 30, 2023, compared to a net loss of $36.3 million for the same period in 2022.
- Revenue was approximately zero for the second quarter ended June 30, 2023, compared to $35.7 million for the same period in 2022.
- The decrease in second quarter 2023 G&A expenses was primarily driven by changes in non-cash stock-based compensation.
- The decrease in second quarter 2023 non-GAAP G&A expenses was driven by a decrease in legal, consulting and other administrative expenses.