China's BeiGene hands back rights to antibody-drug conjugate
Canadian biotech Zymeworks (TSX: ZYME) has reacquired rights for the antibody-drug conjugate (ADC) zanidatamab zovodotin, from partner BeiGene (Nasdaq: BGNE).
Zymeworks provided the update on the firms’ collaboration agreement as part of its financial results statement, with China-based BeiGene returning rights in the Asia–Pacific region.
The companies have been working together since November 2018, under the terms of a license and collaboration agreement for selected indications across multiple HER2-expressing cancers.
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