Stock Track | Zai Lab Soars 5.94% Intraday on Clinical Partnership with Amgen for Lung Cancer Treatment

Stock Track

04/02

Zai Lab's stock surged 5.94% during intraday trading on Thursday, following the announcement of a significant global clinical research collaboration.

The biopharmaceutical company has entered into a partnership with Amgen to evaluate Zai Lab's clinical-stage antibody-drug conjugate, zocilurtatug pelitecan, in combination with Amgen's IMDELLTRA therapy for the treatment of patients with extensive-stage small cell lung cancer. Under the agreement, Amgen will sponsor a global Phase 1b study, while Zai Lab retains full ownership of its investigational drug and will supply it for the clinical trial.

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