Merck & Zymeworks Ink $187M Deal for Bispecific Antibody
Under terms of the deal, Zymeworks will receive an up-front fee and could earn research, development, and regulatory milestones of up to $187 million.
Merck & Co. has inked a deal to use Vancouver-based biotech Zymeworks’ Azymetric? platform for the development and commercialization of bispecific antibodies against targets in multiple therapeutic fields.
The companies will work together to continue developing the platform, while Merck will take any resulting bispecific antibody products through clinical development.
Under terms of the deal, Zymeworks will receive an up-front fee and could earn research, development, and regulatory milestones of up to $187 million.
Merck retains exclusive worldwide commercialization rights to products derived from the partnership.
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