July 8, 2020 / 9:46 PM / a month ago

BRIEF-Zymeworks & Merck Sign New License Agreement

July 8 (Reuters) - Merck & Co Inc:

* ZYMEWORKS - CO & MERCK SIGNED NEW LICENSE AGREEMENT

* ZYMEWORKS - AGREEMENT GRANTS MERCK RIGHT TO DEVELOP ADDITIONAL MULTISPECIFIC ANTIBODY THERAPEUTIC CANDIDATES USING CO’S AZYMETRIC & EFECT PLATFORMS

* ZYMEWORKS - TO PROVIDE MERCK WORLDWIDE, ROYALTY-BEARING LICENSE TO RESEARCH, COMMERCIALIZE UP TO 3 NEW MULTISPECIFIC ANTIBODIES FOR MERCK’S THERAPEUTIC TARGETS

* ZYMEWORKS INC - CO WILL RECEIVE AN UNDISCLOSED UPFRONT PAYMENT

* ZYMEWORKS - IF EACH OF 3 PROGRAMS YIELD APPROVED PRODUCT, CO ELIGIBLE TO RECEIVE UP TO US$411 MILLION IN OPTION EXERCISE FEES & MILESTONE PAYMENTS

* ZYMEWORKS - IF EACH OF 3 PROGRAMS YIELD APPROVED PRODUCT, CO ELIGIBLE TO RECEIVE UP TO US$480 MILLION IN COMMERCIAL MILESTONE PAYMENTS, ROYALTIES ON SALES

* ZYMEWORKS INC - NEW AGREEMENT DOES NOT IMPACT ORIGINAL AGREEMENT BETWEEN CO & MERCK Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below