Neurocrine Biosciences, Inc. (NBIX) Presents at Morgan Stanley 24th Annual Global Healthcare Conference Transcript

SA Transcripts 162.21K Followers Follow Neurocrine Biosciences, Inc. ( NBIX ) Morgan Stanley 24th Annual Global Healthcare Conference September 15, 2026 10:45 AM EDT Company Participants Kyle Gano - President, CEO & Director Todd Tushla - Vice President of Investor Relations Conference Call Participants Sean Laaman - Morgan Stanley, Research Division Presentation Sean Laaman Morgan Stanley, Research Division Good morning, everyone. I'm Sean Laaman, Head of U.S. Mid-Cap Biotech Equity Research here at Morgan Stanley. Before we commence, to make you aware of some of the important disclosures, see those disclosures at the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. And if you do have any questions, please reach out and ask your Morgan Stanley sales representative. With that said, we have the pleasure of welcoming from Neurocrine Biosciences, their CEO, Kyle Gano; and from IR, Todd Tushla. Welcome, gentlemen, and thank you both for your time today. Kyle Gano President, CEO & Director Thank you. Question-and-Answer Session Sean Laaman Morgan Stanley, Research Division Maybe just to kick off proceedings before we get into the heart of Neurocrine, just a question -- just a few general questions on the macro side of the equation for biotech. How is the rise of China originated innovation changing, if at all, your competitive outlook? And does it influence your BD and R&D playbook? Kyle Gano President, CEO & Director It's a great question, very timely at Neurocrine, I know industry-wide. My view of China is that they are a competitive force, but at the same time, they represent an important source of innovation. And I think that those views, I think, at a high level, seem to be diametrically opposed. But a lot of this, I think, would share that same sentiment. And even on the competitive side of the equation, competition can be a good thing. It can bring out the best in all countries, parties involved.