Zymeworks shares are trading higher after the FDA cleared the company's Investigational New Drug application for Zw171 for mesothelin-expressing cancers, with the company expecting to initiate clinical development during 2024.
Portfolio Pulse from Benzinga Newsdesk
Zymeworks shares are trading higher following the FDA's clearance of the company's Investigational New Drug application for Zw171, targeting mesothelin-expressing cancers. Clinical development is expected to begin in 2024.
June 17, 2024 | 11:45 am
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Zymeworks shares are trading higher after the FDA cleared the company's Investigational New Drug application for Zw171, targeting mesothelin-expressing cancers. Clinical development is expected to begin in 2024.
The FDA clearance of the IND application for Zw171 is a significant milestone for Zymeworks, indicating regulatory approval to proceed with clinical trials. This positive development is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100