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BioAtla's earnings beat estimates, yet its stock dropped despite positive progress on cancer treatments.
BioAtla, a biotech firm developing antibody-based cancer treatments, reported quarterly earnings that beat estimates by $0.08 per share, with an EPS of ($0.32).
Despite the positive earnings surprise, the company's stock fell to $0.37.
BioAtla's lead products, mecbotamab vedotin and ozuriftabmab vedotin, are in Phase II trials.
The company aims to revolutionize cancer treatment with its conditionally active biologics platform.
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Las ganancias de BioAtla superaron las estimaciones, sin embargo, su stock disminuyó a pesar de los avances positivos en los tratamientos contra el cáncer.