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Zai Lab Forms $165 Million Cancer Drug Partnership with MacroGenics

publication date: Nov 29, 2018

Zai Lab of Shanghai in-licensed greater China rights to three MacroGenics immunoncology candidates in an agreement worth up to $165 million. Zai will make an upfront payment of $25 million and be responsible for up to $140 million in milestone payments, plus royalties. MacroGenics, a Maryland company, is a clinical-stage biopharma that discovers innovative monoclonal antibodies for cancer. In addition to developing its own novel products, Zai in-licenses innovative medicines for cancer, autoimmune and infectious diseases for China use. More details....

Stock Symbols: (NSDQ: ZLAB) (NSDQ: MGNX)

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