SOUTH SAN FRANCISCO, Calif. (AP) — SOUTH SAN FRANCISCO, Calif. (AP) — Lyell Immunopharma Inc. (LYEL) on Wednesday reported a loss of $45.8 million in its second quarter.

On a per-share basis, the South San Francisco, California-based company said it had a loss of 18 cents.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.

The biotechnology firm posted revenue of $13,000 in the period.

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