Zai Lab Ltd. reported total revenues of $116.1 million for the third quarter of 2025, representing a 14% year-over-year increase. The company's operating loss improved by 28% year-over-year to $48.8 million, and by 42% to $28.0 million on an adjusted basis. Zai Lab has revised its total revenue guidance for the full year 2025 to at least $460 million, reflecting an optimistic outlook driven by continued portfolio expansion and commercial performance in China.
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