Zai Lab reported a strong third quarter with a new regional collaboration, significant revenue growth across commercial products, and progress towards achieving its 2022 corporate priorities. Total revenues were $57.5 million, a 33% increase year-over-year.
Revenue of $57.5 million for the third quarter of 2022, representing a 33% increase y-o-y and a 19% increase q-o-q; continued revenue growth led by ZEJULA
Regional strategic collaboration for TIVDAK strengthens Zai Lab’s leadership in developing and providing access to medicine to treat women’s cancer in China
Strong balance sheet with a cash position of $1.12 billion
Agreement with the NMPA on the development plan for a bridging study for KarXT in schizophrenia in China.
We expect our net product revenue to exceed cost of goods sold and commercial expenses in 2023.
Visualization of income flow from segment revenue to net income