• Zymeworks' partnered drug, zanidatamab (now Ziihera), has gained FDA approval for treating HER2-positive metastatic biliary tract cancer (BTC).
• This marks the first bispecific antibody and chemotherapy-free option for this rare and aggressive cancer, affecting approximately 16,000 new patients annually in the US.
• The approval triggers a $25 million milestone payment to Zymeworks from Jazz Pharmaceuticals, with potential for further payments based on regulatory and commercial success.
• Zanidatamab is also being investigated for other cancers, including gastric cancer, with potential peak sales reaching up to $2 billion across various indications.