We recently compiled a list of the 10 Most Promising Cancer Stocks According to Wall Street Analysts.
Zai Lab Limited (NASDAQ:ZLAB) is one of the most promising stocks on our list
TheFly reported on June 16 that ZLAB announced that the European Medicines Agency (EMA) granted Orphan Drug Designation (ODD) to zocilurtatug pelitecan (zoci, formerly ZL-1310), the company’s potential first-in-class DLL3-targeting antibody-drug conjugate (ADC) for pulmonary neuroendocrine carcinomas (NECs). The designation followed a positive recommendation from the EMA’s Committee for Orphan Medicinal Products, recognizing the significant unmet need for new treatment options in this disease area. The decision was supported by early clinical findings in relapsed or refractory extensive-stage small cell lung cancer, suggesting zoci may provide durable responses and potential advantages compared with existing therapies.
The designation may also provide regulatory benefits, including development incentives and possible market exclusivity. Earlier on June 8, Zai Lab Limited (NASDAQ:ZLAB) announced that China’s National Medical Products Administration (NMPA) approved the Biologics License Application (BLA) for TIVDAK (tisotumab vedotin for injection) for adults with recurrent or metastatic cervical cancer following disease progression after chemotherapy. The approval was supported by results from the global Phase 3 innovaTV 301 trial, which demonstrated an overall survival benefit compared with chemotherapy.