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Zai Lab Limited (NASDAQ:ZLAB) released its financial results for Q3 2023. Citi lowered the price target on Zai lab Limited. Following the earnings release, Citi maintained a ‘Buy rating on the shares. Zai Lab has a compelling position in the biotechnology sector, enhanced by its diversified product suite and robust financial standing. Given the companys current financial strength, market potential, and innovation-driven product pipeline, I am upgrading Zai lab to Speculative Buy Zai lab is focused on discovering and developing innovative therapies that will help address medical conditions where there are serious unmet needs. There are also over 70 portfolio companies that have achieved unicorn.
Open: 29.54 Close: 29.99 Change: 0.45
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