Zai Lab

Zai Lab

ZLAB
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ZLAB · Stock Price

USD 19.76-9.48 (-32.40%)
Market Cap: $2.1B

Historical price data

Market Cap: $2.1BPipeline: 36 drugs (8 Phase 3)Founded: 2014HQ: Shanghai and Cambridge, China

Overview

Zai Lab is a patient-focused, global biopharma founded in 2014 with a mission to bridge scientific innovation from the West with deep market access and development capabilities in Greater China. The company has established itself as a fully integrated organization with eight commercialized products in China and a promising pipeline of internally discovered and in-licensed assets. Its core strategy combines a hybrid business model of strategic partnerships and internal R&D to address significant unmet medical needs across its core therapeutic areas.

OncologyImmunologyNeuroscienceInfectious Disease

Technology Platform

An Integrated Global Operational Platform combining fully integrated end-to-end biopharma capabilities with a hybrid business model of strategic partnerships and internal R&D, designed to bridge Western innovation with development and commercial execution in Greater China.

Pipeline

36
36 drugs in pipeline8 in Phase 3
DrugIndicationStageWatch
ZL-1310 + Investigator's Choice of TherapySmall-cell Lung CancerPhase 3
Omadacycline + MoxifloxacinCommunity-acquired Bacterial PneumoniaPhase 3
ZL-2306 (Nirapairb) + Placebo ComparatorOvarian CancerPhase 3
ZL-2306(nirapairb) + PlaceboExtensive-stage Small Cell Lung CancerPhase 3
Xanomeline and Trospium Chloride Capsules + PlaceboSchizophreniaPhase 3

Funding History

4
Total raised:$1.1B
Follow-on Offering$750M
IPO$173M
Series B$100M
Series A$30M

Opportunities

The massive and growing Chinese pharmaceutical market, combined with global biopharma's need for an expert local partner, creates a dual revenue stream from commercialization and partnerships.
Success of its internal novel pipeline (e.g., DLL3 ADC) could transform the company into a high-margin, global innovator.

Risk Factors

Clinical failure of key internal pipeline assets, regulatory and pricing pressures in China, geopolitical tensions affecting operations, and intense competition in both partnership deals and the Chinese commercial landscape.

Competitive Landscape

Competes with large domestic Chinese pharma and other global-minded biotechs like BeiGene in China, and with global biopharma on its internal pipeline. Its differentiation lies in its fully integrated, West-East operational platform and proven track record as a partner.

Company Timeline

2014Founded

Founded in Shanghai and Cambridge, China

2016Series B

Series B: $100.0M

2017IPO

IPO — $173.0M

2021Follow-on Offering

Follow-on Offering: $750.0M