MacroGenics — Third Quarter 2026 Earnings Summary

MacroGenics reported a net loss of $20.1 million for the third quarter of 2026, with total revenue declining to $18.7 million from $53.0 million in the same period last year. The company's cash position increased to $287.7 million as of September 30, 2026, supported by milestone payments from partners and the sale of its GMP manufacturing operations. Clinical progress included the completion of Phase 1 dose escalation for MGC028, the reporting of interim results for MGC026 and lorigerlimab at ESMO 2026, and the dosing of the first patient in the Phase 1 study for MGC030. Additionally, the Board of Directors was strengthened by the appointment of two new independent directors with oncology expertise, and Gilead Sciences exercised an option to license a preclinical bispecific program, triggering a $10 million payment.