Operator

Good morning, and welcome to the Novavax First Quarter 2026 Financial Results and Operational Highlights Conference Call. [Operator Instructions] Please note, this event is being recorded.

It is now my pleasure to turn the conference over to Jim Kelly, Executive Vice President and Chief Financial Officer. Please go ahead. The floors is yours, sir.

James Kelly
Executive VP, CFO & Treasurer

Good morning, and thank you for joining us today to discuss our first quarter 2026 financial results and operational highlights. A press release announcing our results is available on our website at novavax.com, and an audio archive of this conference call will be available on our website later today.

Please turn to Slide 2. Before we begin with prepared remarks, I need to remind you that this presentation includes forward-looking statements, including, but not limited to, statements related to Novavax's corporate strategy and operating plans, its strategic priorities, its partnerships and expectations with respect to potential royalties, milestones, cost reimbursements, the current macro and regulatory environment, the development of Novavax's clinical and preclinical product candidates, the timing and results of clinical trials, timing of regulatory filings and actions, its APA agreements and related negotiations, projected market opportunity, full year 2026 financial guidance and revenue framework and Novavax's future financial or business performance, including long-term growth, cost