MacroGenics Announces Sale of TZIELD™ Royalty Interest for up to $200 Million
By Dr. Matthew Watson
ROCKVILLE, MD, March 08, 2023 (GLOBE NEWSWIRE) -- MacroGenics, Inc. (Nasdaq: MGNX), a biopharmaceutical company focused on developing and commercializing innovative monoclonal antibody-based therapeutics for the treatment of cancer, today announced that it has entered into an agreement to sell its royalty interest on future global net sales of TZIELD (teplizumab-mzwv) to a wholly-owned subsidiary of DRI Healthcare Trust for up to $200 million. MacroGenics retains its other economic interests related to TZIELD, including future potential regulatory and commercial milestones.
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MacroGenics Announces Sale of TZIELD™ Royalty Interest for up to $200 Million
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March 9th, 2023
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