Jazz advances portfolio with first I-O transaction
Ireland-headquartered Jazz Pharmaceuticals (Nasdaq: JAZZ) has entered into a licensing agreement under which it has acquired exclusive global development and commercialization rights to Werewolf Therapeutics’ (Nasdaq: HOWL) investigational WTX-613, a differentiated, conditionally-activated interferon alpha (IFNα) Indukine molecule.
WTX-613 expands Jazz's robust oncology pipeline and represents first immuno-oncology program in company's R&D portfolio, the company noted.
News of the deal propelled Werewolf’s shares up almost 43% to $6.75, while Jazz edged up1.1% to $165.00. Werewolf joined the Nasdaq in April last year, via a $120 million initial public offering.
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