Zymeworks and Daiichi Sankyo expand I-O collaboration
Canada’s Zymeworks (TSX: ZYME) and Japan’s Daiichi Sankyo (TYO: 4568) have entered into a new license agreement, expanding their immuno-oncology (I-O) deal focused on bispecific antibodies and building on their 2016 cross-licensing and collaboration agreement.
“With a successful track record and our first bispecific antibody incorporating the Azymetric and EFECT technology having achieved a key research milestone in 2017, we look forward to adding two more bispecific compounds to our pipeline,” said Antoine Yver, executive vice president and global head, oncology R&D, Daiichi Sankyo. “We are exceptionally impressed with the robust impact that Zymeworks’ technology brings to antibody development.”
Shares of Zymeworks were up 2.9% at $16.50 in morning trading.
Deal could be worth $485 million to Zymeworks
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