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Zai Lab shares fall 1.41% premarket after receiving Innovative Medical Device Designation for pancreatic cancer therapy.
ByAinvest
Wednesday, Aug 20, 2025 5:53 am ET1min read
Zai Lab Limited fell 1.41% in premarket trading. The company announced that the China National Medical Products Administration (NMPA) has granted Innovative Medical Device Designation for Tumor Treating Fields (TTFields) for patients with pancreatic cancer based on the positive results from the Phase 3 PANOVA-3 trial. This designation allows Zai Lab to take advantage of an expedited approval procedure for TTFields, which offers opportunities for the NMPA to prioritize the allocation of review resources to expedite the regulatory review and approval process.
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