Jazz Entered into an Exclusive License Agreement with Zymeworks to Develop and Commercialize Zanidatamab for Cancers
- Zymeworks will receive a $50M up front, a second one-time fee of $325M & is also eligible to receive ~$525M upon achievement of regulatory milestones, ~$862.5M in commercial milestones with a total deal value of ~$1.76B along with royalties b/w 10% and 20% on Jazz's net sales
- Jazz to get an exclusive license to develop & commercialize zanidatamab across all indications in the US, EU, Japan & all other territories (excl. Asia/Pacific territories previously licensed by Zymeworks)
- The (HERIZON-BTC-01) trial results for zanidatamab in BTC are expected at the end of 2022. Zanidatamab is a HER2-targeted bispecific Ab with biparatopic binding which showed compelling anti-tumor activity in multiple HER2-expressing cancers as monothx. & in combination with CT & other agents
Ref: Jazz | Image: Jazz
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