Feed / ZLAB

Zai Lab Limited

ZLAB

Healthcare · 24.18 -3.6% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Zai Lab Limited's current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 21 directly disclosed connections are confirming.

Company-3.6% todayVolume comparison unavailable
Market group0 of 1 activeBiotechnology · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • In April 2026 ZLAB announced a global clinical trial collaboration with Amgen to evaluate zoci in combination with Amgen’s IMDELLTRA (tarlatamab-dlle) for ES-SCLC.

Invalidation: The isolated read changes if ZLAB's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Biotechnology

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 21 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • In April 2026 ZLAB announced a global clinical trial collaboration with Amgen to evaluate zoci in combination with Amgen’s IMDELLTRA (tarlatamab-dlle) for ES-SCLC.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods8
Price observations327
Usable filing statements85
Verified relationships15
Evidence supporting the case
  • Latest annual revenue changed +15.0% year over year.
  • Operating margin changed +20.8 percentage points in the latest annual period.
  • Net margin changed +26.3 percentage points in the latest annual period.
Evidence challenging the case
  • Diluted shares increased 10.7% in the latest annual period.
  • Product pipeline and R&D has repeated adverse evidence across 5 filings.
Questions before a position
  • EV/sales is 123% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

24.18
6m+26.8%12m-23.2%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$144.1M+194.3%$-0.76+19.7%
2022-12-31$212.7M+47.6%$-0.46+3.0%
2023-12-31$266.7M+25.4%$-0.35+0.9%
2024-12-31$397.6M+49.1%$-0.26+2.4%
2025-12-31$457.2M+15.0%$-0.16+10.7%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 5 filings
Net Cash Provided by Financing Activities Net cash provided by financing activities decreased by $27.7 million in the six months ended June 30, 2026, primarily due to an increase of $47.1 million in repayment of short-term bank borrowings, a decrease of $9.7…
10-Q · Aug 6, 2026
Product pipeline and R&Dmixed · 5 filings
In the six months ended June 30, 2026, research and development expenses attributable to pre-clinical programs increased by $22.9 million, primarily driven by an increase in licensing fees for our license and collaboration agreements.
10-Q · Aug 6, 2026
Demand and volumepositive · 3 filings
These decreases were partially offset by increased sales for XACDURO, driven by strong patient demand and expanding hospital adoption but partially constrained by supply limitations, and increased sales for NUZYRA, supported by increased market coverage and p…
10-Q · Aug 6, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 57.9× · EV/sales 56.4×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

24.18-3.6% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for ZLAB. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for ZLAB. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind ZLAB

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

AMGNAmgen Inc.partnerMay 7, 2026

In April 2026, we announced a global clinical trial collaboration with Amgen to evaluate zoci in combination with Amgen’s IMDELLTRA ® (tarlatamab-dlle), a DLL3/CD3 bispecific T-cell engager, for ES-SCLC and a clinical collaboration with Boehringer Ingelheim t…

NVCRNovoCure LimitedpartnerAug 7, 2025

Tumor Treating Fields (TTFields): In May 2025, our partner NovoCure presented results from the Phase III PANOVA-3 trial of TTFields therapy for pancreatic cancer at the 2025 ASCO Annual Meeting and simultaneously published in the Journal of Clinical Oncology.

Depended on by

NVCRNovoCure LimitedpartnerApr 30, 2026

In 2018, we granted Zai Lab (Shanghai) Co., Ltd.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 23 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

ZLAB is currently a Leader in the organic co-movement group Biotechnology. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for ZLAB; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.