Hello, and welcome to the annual meeting of stockholders of Liquidia Corporation. Please note that today's meeting is being recorded. During the meeting, we'll have a question and answer session. You can submit questions or comments at any time by clicking on the message icon. It is now my pleasure to turn today's meeting over to Roger A. Jeffs, Chief Executive Officer of Liquidia Corporation. Dr. Jeffs, the floor is yours. Thank you. Good afternoon, and welcome to Liquidia Corporation's 2022 annual meeting. I'm Roger Jeffs, Chief Executive Officer of the company. Will the meeting please come to order. Let me take this opportunity to welcome all those virtually present at the annual meeting of stockholders of Liquidia Corporation. Due to continued public health concerns resulting from the COVID-19 pandemic and government recommended and required limits on public gatherings, and to protect the health and safety of the company stockholders, directors and employees, this year's annual meeting is being held in a virtual-only format. This allows stockholders, regardless of physical location, to participate in today's meeting. Not only can you listen to the meeting, but you can also submit questions and vote, and vote your shares online prior to the closing of the polls. In accordance with the instructions you received prior to the meeting, the polls are now open. We will get started with the technical phase of the meeting in a few moments, but first, we would like to direct your attention to the agenda and rules of conduct and procedures, a copy of which has been posted to the online meeting portal. Among other items, the rules of conduct and procedures describe the procedures for voting at the meeting. If you have already voted by proxy, you do not need to vote at this meeting. However, if you wish to change your vote or if you are a registered stockholder and have not voted, you vote now by clicking the vote icon located at the top right of your screen and making your selections. The rules of conduct and procedures also describe the procedures for asking questions at the meeting. We will only respond to questions related to the official business of the meeting. If you wish to ask a question, please click the Q&A icon located at the top right of your screen, type your question in the space provided, and click Send. You may ask a question at any point. Approximately 15 minutes has been set aside at the end of the formal portion of the meeting to respond to questions. Before proceeding to the business of this meeting, there's also a certain technical legal matters which we must dispose of in order to make certain that we are conducting a duly authorized meeting. As soon as those are completed, I would like to introduce you to the executive officers and directors of the company who are also joining us virtually, and also to describe to you the matters proposed for your consideration and action at this meeting. The company has designated Stephanie Harmon from Computershare to serve as the Inspector of Election. A copy of Ms. Harmon's oath as Inspector of Election was presented to me prior to the meeting, and therefore Ms. Harmon's appointment as an Inspector of Election is valid. If there are no objections, I would direct that such oath be filed with the minutes of this meeting. Will the Inspector of Election kindly confirm that a majority of the total number of shares of common stock of the company outstanding and entitled to vote at the meeting are present at the meeting? Stephanie. There are represented at the meeting, either virtually or by proxy, 51,802,074 shares of common stock, 0.001 par value per share of the common stock, out of a total number of 64,344,476 shares of common stock issued and outstanding and entitled to vote at the meeting. Each share of common stock is entitled to one vote. Accordingly, there are an aggregate of 64,344,476 votes entitled to be cast at this meeting, of which an aggregate of 51,802,074 are present virtually or represented by proxy. Thank you, Stephanie. The report of the Inspector of Election indicates that there are present at the meeting, virtually or represented by proxy, the holders of a majority of the total number of shares of stock of the company outstanding and entitled to vote at the meeting. There is, therefore, a quorum present, and the meeting is competent to transact business. Will the Inspector of Election kindly execute her certificate as to the stockholders present at the meeting? If there are no objections, I will direct the certificate be filed with the minutes of the meeting. Would the Secretary of the meeting please report on the mailing of the proxy materials and the availability of a list of stockholders? Dr. Jeffs, this is Rusty Schundler. As Secretary of the meeting, a copy of the notice of the annual meeting of stockholders dated April 29, 2022, concerning the matters to be considered and acted upon at the meeting, and a copy of the proxy statement, the company's annual report on Form 10-K for the year ended December 31, 2021, and the Chief Executive Officer letter to stockholders are available for viewing on the company's hosting site, which is linked to the virtual meeting portal. Additionally, we have received an affidavit of mailing executed by an employee of Computershare Communication Services, an affiliate of Computershare, the company's transfer agent, certifying that the mailing of the aforementioned proxy materials to the company stockholders was initiated on May 6, 2022. The affidavit of mailing will be filed with the minutes of this meeting. Now that the technical organizational phase of the meeting has been completed, and before proceeding to the business to be transacted at this meeting, I would like to take this opportunity to introduce you to the current directors of the company, other than myself, who are with us today. Dr. Stephen Bloch, our Chairman, Dr. Joanna Horobin, David Johnson, Arthur Kirsch, and Damian deGoa. Paul Manning, Katie Rielly-Gauvin, Raman Singh were not able to attend the meeting today. I would also like to introduce you to the following officers of the company other than those officers who are current directors of the company or nominees for directors of the company who are present today. Rusty Schundler, General Counsel and Corporate Secretary. Robert Lippe, Chief Operations Officer. Jason Adair, Senior Vice President, Corporate Development and Strategy. Scott Moomaw, our senior vice president of commercial, and Celia Reyes, our vice president of people and culture, were unable to join. Finally, I'd like to introduce Ali Bernes of PricewaterhouseCoopers, the company's independent public accounting firm. As chair, I now deem the following matters to be properly before this meeting. A, the nominees of Class I directors to serve until the 2025 annual meeting of stockholders and until their respective successors have been duly elected and qualified, or until such directors earlier resignation, removal, or death are Dr. Stephen Bloch, Dr. Joanna Horobin, and myself, Roger A. Jeffs. B, the proposal to approve the amendment to increase the authorized shares reserved for issuance under the 2020 Long-Term Incentive Plan and to reauthorize the Evergreen provision. C, the proposal to ratify the appointment of PricewaterhouseCoopers as the company's independent registered public accounting firm for the fiscal year ending December 31, 2022. We will be closing the polls shortly. You must ensure you submit your electronic ballot in order for your votes to be counted. The Inspector of Election will not accept votes submitted after the closing of the polls. If you have already voted by proxy, you do not need to vote at this meeting. However, if you wish to change your vote or if you are a registered stockholder and have not voted, you vote now by clicking the Vote icon located at the top right of your screen and making your selections. Please note that any votes submitted via electronic ballot will be subject to final verification by the Inspector of Election. The polls have been held open for five minutes. I hereby declare that the polls are now closed for voting on the items of business. Will the Inspector of Election please give her report concerning the votes upon the election of directors and the aforesaid proposals? Ladies and gentlemen, the report of Inspector of Election indicates that the following numbers of votes cast by holders of common stock have been voted with respect to Proposal One, the election of each class, each of the Class One director nominees for the board of directors of the company, Dr. Stephen Bloch. For, 22,050,729 shares. Withheld, 7,391,499 shares. Broker non-vote, 22,359,846 shares. Dr. Joanna Horobin. For, 23,514,877 shares. Withheld, 5,927,351 shares. Broker non-vote, 22,359,846 shares. Roger A. Jeffs, PhD. For, 29,277,575 shares. Withheld, 164,653 shares. Broker non-vote, 22,359,846 shares. Proposal 2, the approval of the amendment to increase the authorized share reserve for the issuance under the 2020 LTIP and to reauthorize the Evergreen provision. For, 20,724,345 shares. Against, 8,639,572 shares. Abstain, 78,311 shares. Proposal 3, the ratification of the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the year ending December 31, 2022. For, 51,733,844 shares. Against, 11,951 shares. Abstain, 56,279 shares. Thank you. Roger, back to you. Thank you very much. The report of the Inspector of Election therefore indicates that Stephen Bloch, Joanna Horobin, and Roger Jeffs have been duly elected as Class I directors of the company to serve for a term expiring at the 2025 annual meeting of stockholders and until their respective successors have been duly elected and qualified, or until such directors their resignation, removal, or death. The proposal to approve the amendment to increase authorized shares under the 2020 Long-Term Incentive Plan and to reauthorize the Evergreen provision has also been approved. The proposal to ratify the appointment of PricewaterhouseCoopers as the company's independent registered public accounting firm for the fiscal year ending December 31, 2022, has been approved. Will the inspector of election please execute the certificate as to the total number of votes cast on each of the matters considered at this meeting? If there are no objections, I will direct that the certificate be filed with the minutes of the meeting. The floor is now open for any questions or comments relating to the business of the company. Please note that Ali Bernice, a representative of PwC, the company's registered public accounting firm, is present at the meeting and is available to respond to questions raised by stockholders. If you wish to ask a question, please click on the message icon on your screen. It is possible that today's meeting, including some of your comments and some of our responses to your questions, may include forward-looking statements that are based on certain assumptions and are subject to a number of risks and uncertainties. The risks, uncertainties, and assumptions that could affect these forward-looking statements include risks that are included in the company's SEC reports, including our Form 10-Q for the first fiscal quarter of 2022. We qualify all of our forward-looking statements by these cautionary statements, and except as required by law, we assume no responsibility for updating any forward-looking statements. In addition, with respect to all of our forward-looking statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act. I'll pause for a minute to see if there are any questions. Having paused, I don't see any questions. If there's no further business, I would like to call the meeting as officially adjourned. Thank you all very much for attending. Thank you. This concludes the meeting. You may now disconnect.