Zymeworks licenses ADC platform to Iconic Therapeutics
Canada’s Zymeworks (TSX: ZYME) has entered into a licensing agreement giving Iconic Therapeutics certain rights to its proprietary ZymeLink antibody-drug conjugate (ADC) platform.
California-based Iconic, which has an intellectual property portfolio exclusively licensed from Yale University, wants to use the platform to develop its ICON-2 Tissue Factor ADC for cancer.
Under the terms of the deal, Zymeworks will be eligible to receive development and commercial milestone payments and tiered royalties on worldwide net sales.
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