MacroGenics Provides Corporate Update and Third Quarter 2022 Financial Results
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ROCKVILLE, Md., Nov. 03, 2022 (GLOBE NEWSWIRE) -- MacroGenics, Inc. (NASDAQ: MGNX), a biopharmaceutical company focused on developing and commercializing innovative antibody-based therapeutics for the treatment of cancer, today provided an update on its recent corporate progress and reported financial results for the quarter ended September30, 2022. - Revenue for the quarter ended September30, 2022 included MARGENZA net sales of $4.4 million, compared to $3.6million for the quarter ended September30, 2021.
- R&D Expenses: Research and development expenses were $48.2 million for the quarter ended September30, 2022, compared to $49.8 million for the quarter ended September30, 2021.
- SG&A Expenses: Selling, general and administrative expenses were $15.4 million for the quarter ended September30, 2022, compared to $17.2 million for the quarter ended September30, 2021.