PANACEA Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was KRW 129.99 million compared to KRW 84.72 million a year ago. Net income was KRW 617.21 million compared to net loss of KRW 700.37 million a year ago. Basic earnings per share from continuing operations was KRW 34 compared to basic loss per share from continuing operations of KRW 54 a year ago. Basic earnings per share was KRW 34 compared to basic loss per share of KRW 54 a year ago.