Strong Financial Performance
Total revenue was $48.7 million in Q2 2025 compared to $19.2 million in Q2 2024, primarily due to milestone payments and increased royalty revenues.
Zanidatamab Progress
Zanidatamab received conditional regulatory approvals in China and Europe for second-line HER2-positive biliary tract cancer, expanding international patient access and potential future royalties.
Expansion in Clinical Programs
IND clearance of ZW251, the second TOPO1 ADC candidate, was announced for the treatment of HCC, marking it as the third active Phase I trial in 2025.
Clinical and Preclinical Pipeline Developments
ZW171 and ZW191 are progressing in Phase I studies, and ZW1528 is being developed for COPD with promising preclinical data.
Partnership Success
Partnerships with companies like Jazz and J&J are generating milestones and royalties, contributing significantly to revenue.
Financial Health
Cash resources increased to $333.4 million as of June 30, 2025, ensuring funding for planned operations into the second half of 2027.
R&D Pipeline Momentum
Strong momentum observed in R&D pipeline, particularly with IND clearance of ZW251 and promising preclinical data for ZW1528.