BeOne Medicines (NasdaqGS:BGNE) Q4 2025 Earnings call February 26, 2026 08:00 AM ET Company ParticipantsAaron Rosenberg - CFOAmit Aggarwal - Chief Medical Officer of HematologyDan Maller - VP of Investor RelationsJohn V. Oyler - Co-Founder, Chairman and CEOLai Wang - President and Global Head of Research & DevelopmentMark Lanasa - SVP and Chief Medical OfficerMatt Shaulis - General Manager of North AmericaSean Laaman - Executive DirectorXiaobin Wu - President and COOZhihong Chen - Managing DirectorNone - Co ...

BeOne Medicines (NasdaqGS:BGNE) Q4 2025 Earnings call February 26, 2026 08:00 AM ET Company ParticipantsAaron Rosenberg - CFOAmit Aggarwal - Chief Medical Officer of HematologyDan Maller - VP of Investor RelationsJohn V. Oyler - Co-Founder, Chairman and CEOLai Wang - President and Global Head of Research & DevelopmentMark Lanasa - SVP and Chief Medical OfficerMatt Shaulis - General Manager of North AmericaSean Laaman - Executive DirectorXiaobin Wu - President and COOZhihong Chen - Managing DirectorNone - Co ...

BeOne Medicines (NasdaqGS:BGNE) Q4 2025 Earnings call February 26, 2026 08:00 AM ET Speaker10Good day, everyone. Welcome to BeOne Medicines Q4 and full year 2025 earnings call webcast. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. At this time, I would like to turn the call over to the company.Speaker3Hello and welcome. Thanks for joining us today. I'm Dan Maller, Head of Investor Relations at BeOne Medicines. Be ...

Jazz Pharmaceuticals (NasdaqGS:JAZZ) Q4 2025 Earnings call February 24, 2026 04:30 PM ET Speaker12Good day, and thank you for standing by. Welcome to the Jazz Pharmaceuticals Fourth Quarter 2025 Earnings Conference Call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising your hand is ...

PharmaceuticalsJazz Pharmaceuticals plc (NASDAQ: JAZZ) is a global biopharma company whose purpose is to innovate to transform the lives of patients and their families. We are dedicated to developing life-changing medicines for people with rare disease — often with limited or no therapeutic options. We have a diverse portfolio of medicines, including leading therapies addressing epilepsies, cancers and sleep disorders. Our patient-focused and science-driven approach powers pioneering research and developmen ...

Company Overview - Zymeworks is a clinical-stage biotechnology company focused on developing innovative cancer therapies, particularly through bispecific antibodies and antibody-drug conjugates [6] - The company has a robust pipeline and strategic partnerships with major pharmaceutical firms, providing a competitive edge in targeted oncology therapeutics [6] - As of February 17, 2026, Zymeworks has a market capitalization of $1.74 billion and reported revenue of $134.48 million with a net income of -$63.43 million [4] Recent Developments - Redmile Group significantly reduced its stake in Zymeworks by 3,214,096 shares, valued at approximately $70.10 million, as disclosed in a February 17, 2026, SEC filing [2] - The quarter-end value of Redmile's position in Zymeworks decreased by $50.35 million due to share sales and stock price movements [2] - Following the sale, Zymeworks now accounts for 0.95% of Redmile's reportable 13F assets under management (AUM) [7] Performance Metrics - Zymeworks shares were priced at $23.07 as of February 17, 2026, reflecting a 60% increase over the past year, significantly outperforming the S&P 500's 13% gain during the same period [7] - The company is eligible for up to $440 million in regulatory milestone payments tied to approvals in major markets [9] - Zymeworks ended 2025 with approximately $270.6 million in cash and marketable securities, alongside a $125 million share repurchase authorization [9] Strategic Insights - The reduction in Redmile's position is interpreted as capital recycling rather than a loss of confidence, as Zymeworks is in a transition phase balancing royalty aggregation, internal R&D, and capital returns [10] - The company continues to focus on addressing unmet medical needs in cancer treatment through licensing agreements, research collaborations, and milestone payments from strategic partners [8]

Core Insights - Zymeworks has experienced a transformative year, highlighted by the readout of the HERIZON-GEA-01 study for zanidatamab, which occurred last week [2]. Company Developments - The company has evolved its strategy to build on its recent successes and ensure continued shareholder value [2]. - A thin slide deck was presented to highlight the transformations and strategic evolution of the company over the past year [2].

Summary of Zymeworks Conference Call Company Overview - **Company**: Zymeworks - **Event**: 44th JPMorgan Healthcare Conference - **CEO**: Ken Galbraith Key Points Company Transformation and Strategy - Zymeworks experienced a transformative year, highlighted by the readout of the Horizon-GEA-01 study for zanidatamab, which is expected to become the new standard of care in HER2-overexpressing gastric and esophageal adenocarcinoma (GEA) [2][4] - The company is evolving its strategy to leverage the success of zanidatamab and create shareholder value through innovative approaches beyond traditional R&D [4][6] - Leadership changes have been made to align the team with the new strategic direction [5] Financial Position and Future Outlook - Zymeworks has a strong financial foundation, with expectations of excess cash flow rather than cash flow issues, allowing for a long-term focus on shareholder value [12][22] - The company anticipates significant appreciation in stock value as zanidatamab continues to succeed and other agents progress [12][14] - The partnership with Jazz Pharmaceuticals and B1 is crucial for capital and development capabilities, enhancing the potential for zanidatamab's success [11][22] Product Development and Competitive Landscape - Zanidatamab is positioned as a superior HER2-targeted agent compared to trastuzumab, with promising clinical data supporting its efficacy [32][34] - The competitive landscape has shifted favorably for zanidatamab, as competitors have faced challenges in their clinical trials [33][36] - Zymeworks is exploring additional indications for zanidatamab and other products, including JNJ-64264681, which is expected to be a significant revenue generator [15][36] Royalty and Partnership Strategy - The company is focused on holding onto royalty streams from zanidatamab and other products, believing this approach will maximize long-term value for shareholders [29][50] - Zymeworks is open to monetizing royalties but seeks fair value, indicating a strategic approach to partnerships and asset management [49][51] - The company aims to build a portfolio of high-quality royalty streams, enhancing its financial stability and growth potential [50][53] Research and Development Focus - Zymeworks continues to invest in R&D, with a focus on innovative biologics and antibody-drug conjugates [23][24] - The company is exploring new product opportunities, including bispecific antibodies and ADCs, while maintaining a unique position in the market [65] Future Expectations - Zymeworks plans to present further data and updates on its pipeline in the coming year, aiming to exceed current expectations [25][26] - The company is committed to innovation and leveraging its scientific expertise to drive future successes [23][24] Additional Insights - The CEO emphasized the importance of adapting strategies to ensure continued success in a competitive biotech landscape, highlighting the need for flexibility in product development and partnerships [18][20] - Zymeworks is positioned to capitalize on its unique offerings in the HER2 space, with a differentiated approach that sets it apart from competitors [24][25]

Financial Highlights - The company anticipates near-term milestones of up to $440 million for global GEA approvals[12] - The company has received $400 million in upfront and milestone payments to date[12] - Future potential regulatory and commercial milestones are valued at $13 billion[12] - Ziihera has a peak sales potential of over $20 billion[12] - The company reported revenues of $103 million for 2025[27] Pipeline and Partnerships - The company has potential future milestone payments of up to $434 million with Phase 3 partners[16] - The company has potential future milestone payments of up to $11 billion with Phase 1 partners[16] - The company has potential future milestone payments of up to $313 million with Phase 1 partners[16] - The company has potential future milestone payments of up to $230 million with Preclinical partners[16] Strategic Outlook - The company's cash resources of over $270 million provide a runway beyond 2028[27]

January 2026 44th Annual J.P. Morgan Healthcare Conference Redefining Possibilities in Rare Disease Renee Gala, President & CEO Transforming Lives. Redefining Possibilities. Caution Concerning Forward-Looking Statements This presentation contains forward-looking statements and financial targets, including, but not limited to, statements related to: the Company's growth prospects and future financial and operating results, including the ability of the Company's portfolio to drive long-term shareholder value; ...