Zymeworks Deal Expands Jazz’s Potential Oncology Presence

The deal focuses on the HER2-targeting bispecific antibody zanidatamab, in development for multiple solid tumor indications expressing HER2.

Zymeworks and Jazz signed a deal worth up to $1.76bn for the HER2-targeting bispecific antibody zanidatamab • Source: Shutterstock

Zymeworks, Inc. is getting a significant infusion of cash and a commercial partner in a deal with Jazz Pharmaceuticals plc for the HER2-targeted bispecific antibody zanidatamab, while Jazz is gaining a drug that expands the range of targeted solid tumors in its portfolio. But one analyst questioned the size of the deal relative to the therapy’s projected revenue potential.

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