Zai Lab Limited (ZLAB) Q4 2025 Earnings Call

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WEBVTT 00:00:01.887 -- 00:00:04.771 Hello, ladies and gentlemen. Thank you for standing by. 00:00:04.771 -- 00:00:09.778 Welcome to Xilab's fourth quarter and full year 2025 Financial Results Conference 00:00:09.778 -- 00:00:13.883 call. At this time, all participants are in a listen-only mode. 00:00:13.883 -- 00:00:17.568 Later, we will conduct a question and answer session and instructions will follow at 00:00:17.568 -- 00:00:21.633 that time. As a reminder, today's call is being recorded. 00:00:21.633 -- 00:00:26.660 It is now my pleasure to turn the floor over to Christine Chou, Senior Vice President 00:00:26.660 -- 00:00:31.985 of Investor Relations. Thank you. Please go ahead. 00:00:39.265 -- 00:00:42.069 Thank you, operator. Hello and welcome, everyone. 00:00:42.069 -- 00:00:47.796 Today's earnings call will be led by Dr. Samantha Du, Xilab's founder, CEO, and chairperson. 00:00:47.796 -- 00:00:52.222 She will be joined by Josh Smiley, President and Chief Operating Officer, Dr. 00:00:52.222 -- 00:00:56.888 Rafael Amado, President and Head of Global Research and Development, and Dr. 00:00:56.888 -- 00:01:01.915 Yajing Chen, Chief Financial Officer. Dr. Shan He, our Chief Business 00:01:01.915 -- 00:01:06.721 Officer, will also be available to answer questions during the Q&A portion of the call. 00:01:06.721 -- 00:01:10.826 As a reminder, during today's call, we will be making certain forward-looking statements 00:01:10.826 -- 00:01:15.192 based on our current expectations. These statements are subject to numerous risks and 00:01:15.192 -- 00:01:19.177 uncertainties that may cause actual results to differ materially from what we expect 00:01:19.177 -- 00:01:23.523 due to a variety of factors, including those discussed in our SEC filings. 00:01:23.523 -- 00:01:28...