Zai Lab's stock soared 5.25% during intraday trading on Monday, following the announcement of a clinical collaboration with global pharmaceutical giant Boehringer Ingelheim.
The companies will co-develop an innovative dual DLL3-targeted drug combination therapy, involving Zai Lab's DLL3-targeting ADC zocilurtatug pelitecan and Boehringer Ingelheim's DLL3/CD3 T-cell engager obrixtamig. The Phase Ib/II study will evaluate safety, tolerability, and preliminary clinical activity, with Boehringer Ingelheim sponsoring and overseeing operations.
Additionally, Zai Lab is entering a key commercialization phase, with multiple pipeline products including the novel non-dopamine mechanism schizophrenia drug KarXT expected to drive revenue growth.
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