Shanghai: Shares in China's Dizal Pharmaceutical rose 20% on Tuesday, after the AstraZeneca spin-off announced that the drugmaker would pay $600 million upfront for global rights to one of its treatments for a type of lung cancer.
Sunvozertinib, also known as Zegfrovy, is approved in the United States and China as a locally advanced or metastatic non-small cell lung cancer treatment for adults whose tumors have a rare genetic mutation. The first-line treatment for those patients largely relies on chemotherapy, according to Dizal, which was established in 2017.
