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Kyle

Senior Registered Client Associate at UBS Asset Management Americas Inc.

Kyle is a Senior Registered Client Associate at UBS with a background in client service and operations management, having transitioned to the firm in early 2020. He brings strong organizational and technical skills to his role, supporting high net worth clients in financial planning and portfolio management, though direct company coverage and investment performance metrics are not publicly disclosed for his position. Before joining UBS, Kyle built operational expertise as a Client Service Associate and Operations Manager at a prior firm, developing a client-centered approach. He holds professional registration and fulfills licensing requirements for his role as a registered client associate at UBS, contributing to the team's high standards and client satisfaction.

Kyle's questions to ICON (ICLR) leadership

Question · Q3 2025

Kyle asked about the risk of elevated cancellations of older, not-yet-started studies persisting throughout 2026, and requested an update on BARDA-funded COVID-related trials.

Answer

CFO Nigel Clerkin noted that COVID-related revenue is 1-2% on a full-year basis, with little 'cliff to fall off.' CEO Barry Balfe stated that while a risk of persistence exists, it's unlikely. He believes the current elevated cancellations are consequences of the past couple of years' turmoil (funding, LOE, science follow-through) and anticipates a return to more normalized levels in 2026, though not necessarily linearly from January 1.

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Question · Q3 2025

Kyle asked about the risk of elevated cancellations persisting throughout 2026 and requested an update on BARDA-funded COVID-related trials.

Answer

CFO Nigel Clerkin and VP of Investor Relations Kate Haven noted that COVID-related revenue is 1-2% on a full-year basis, with little risk of a significant drop. CEO Barry Balfe stated that while a risk of elevated cancellations persisting in 2026 cannot be entirely ruled out, it's unlikely. He believes the company is seeing the consequences of past years' turmoil and expects a return to more normalized cancellation levels, though not necessarily linearly from January 1.

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