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0 0.0370370370370371 -0.0123456790123457 -0.0555555555555556 0.0123456790123457 0.00617283950617284 -0.0308641975308642 0
Stock impact report

FibroGen Inc (FGEN) Reports Modest Revenue Growth and Reduced Net Loss in FY 2023 [Yahoo! Finance]

FibroGen, Inc (FGEN) 
Last fibrogen, inc earnings: 3/2 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Net Loss: Decreased to $284.2 million, or $2.92 per share, improving from a net loss of $293.7 million, or $3.14 per share in FY 2022. China Performance: Roxadustat sales in China grew by 41%, contributing significantly to revenue. Cost Reduction: Execution of a cost reduction plan resulted in $120 million in annualized expense savings. Cash Position: Strong balance sheet with $248.1 million in cash, extending cash runway into 2026. Upcoming Milestones: Key data readouts expected in 2024 for pamrevlumab trials and potential approval for roxadustat in CIA in China. Warning! GuruFocus has detected 7 Warning Signs with FGEN. FibroGen Inc ( NASDAQ:FGEN ) released its 8-K filing on February 26, 2024, detailing its financial results for the fourth quarter and full year of 2023. The biotechnology company, known for its novel therapeutics for serious medical conditions, has reported a year-over-year increase in total net revenue to $147.8 million, marking a 5% growth. This perfor Show less Read more
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