SOUTH SAN FRANCISCO, Calif. (AP) — SOUTH SAN FRANCISCO, Calif. (AP) — Lyell Immunopharma Inc. (LYEL) on Tuesday reported a loss of $50.9 million in its third quarter.

The South San Francisco, California-based company said it had a loss of 20 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.

The biotechnology firm posted revenue of $25,000 in the period.

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