BRIEF-Macrogenics And Sagard Healthcare Partners Enter Into Expanded Zynyz® Royalty Purchase Agreement

Macrogenics

Macrogenics

MGNX

0.00

May 4 (Reuters) - MacroGenics Inc MGNX.O:

  • MACROGENICS AND SAGARD HEALTHCARE PARTNERS ENTER INTO EXPANDED ZYNYZ® ROYALTY PURCHASE AGREEMENT

  • MACROGENICS INC - RECEIVES $60 MILLION UPFRONT, ELIGIBLE FOR UP TO $20 MILLION 2026 MILESTONE

  • MACROGENICS INC - ALL ROYALTY RIGHTS REVERT TO MACROGENICS AFTER SAGARD RECEIVES 1.7X OR 2.0X INVESTMENT BY SEPTEMBER 30, 2032

Source text: ID:nGNX1mtmZY

Further company coverage: MGNX.O


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