AnaptysBio (ANAB) Reports a Tax-Driven Profit. When Will Royalties Fund Shareholder Returns?
AnaptysBio (ANAB) reported a $176.4M profit for the first half of 2024, driven by a $181.5M tax benefit. Collaboration revenue grew 23% to $27.5M, and Jemperli royalties increased 25%. Royalties could grow faster as sales reach higher tiers. The company expects $299M from the Sagard arrangement by late 2027. Operating cash flow improved, but costs and litigation risks remain.




