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Zymeworks Stock Surges 29% on Breakthrough Cancer Drug Results

Zymeworks Stock Surges 29% on Breakthrough Cancer Drug Results

Author:

Global Cryptocurrency

Published:

2025-11-18 07:52:02

24

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BTCCSquare news:

Zymeworks Inc. (ZYME) shares skyrocketed 29% following promising Phase 3 trial data for its HER2-targeted gastric cancer treatment Ziihera. The biopharma's drug demonstrated statistically significant improvements in progression-free survival, potentially positioning it as a first-line therapy for gastroesophageal adenocarcinoma.

Jazz Pharmaceuticals, Zymeworks' commercialization partner, plans regulatory submissions in early 2026, triggering a 20.6% rally in JAZZ shares. Analyst price targets were revised upward, with Leerink's Andrew Berens raising his target to $37 from $24.

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