Jazz bets big on new kind of HER2-targeting antibody

19 October 2022

An exclusive licensing agreement has been reached between Jazz Pharmaceuticals (Nasdaq: JAZZ) and Zymeworks (NYSE: ZYME), granting the former extensive development and commercialization rights to zanidatamab.

The deal includes all indications and most markets, excluding only certain Asia-Pacific territories previously licensed by Zymeworks.

For its part, Zymeworks will get $50 million right away, and potentially an additional $325 million, if Jazz opts to continue the collaboration past the top-line readout from the HERIZON-BTC-01 study.

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