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.