LEO takes a punt on potential of Zymeworks' platforms
Canadian drugmaker Zymeworks (NYSE: ZYME) closed Tuesday’s trading up more than 2% after announcing that it had signed a deal with the privately-held Danish dermatology specialist, LEO Pharma.
Their licensing and research collaboration will involve the discovery and development of bispecific antibodies targeting cytokine-receptor pathways using Zymeworks’ antibody discovery capabilities and its proprietary Azymetric and EFECT platforms.
LEO will have exclusive rights to further develop and commercialize two bispecific candidates in dermatology indications, while Zymeworks retains rights to develop antibodies in all other therapeutic areas.
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