Core Insights - Zai Ding Pharma reported a 13% year-over-year increase in product revenue for Q3 2025, reaching $115.4 million, compared to $101.8 million in Q3 2024, with a 14% increase when adjusted for constant exchange rates [1][1][1] Financial Performance - The operating loss for Q3 2025 was $48.8 million, while the adjusted loss, excluding specific non-cash expenses such as depreciation, amortization, and stock-based compensation, was $28 million [1][1] - The net loss for Q3 2025 was $36 million, with a loss per common share of $0.03 (or $0.33 per American Depositary Share), compared to a net loss of $41.7 million in Q3 2024, where the loss per common share was $0.04 (or $0.42 per ADS) [1][1][1] - The reduction in net loss was primarily attributed to increased product revenue and decreased operating expenses [1] Research and Development Expenditure - R&D expenses for Q3 2025 amounted to $47.9 million, down from $66 million in Q3 2024, mainly due to a decrease in licensing fees related to upfront and milestone payments [1][1][1]
再鼎医药：第三季度产品收入净额同比增长13%至1.154亿美元，主要由纽再乐和鼎优乐销售额增长所驱动