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Business
Merck Licenses Zymeworks Process
by Lisa M. Jarvis
September 5, 2011
| A version of this story appeared in
Volume 89, Issue 36
Merck & Co. will pay up to $187 million for access to bispecific antibody development technology from privately held Zymeworks. A bispecific antibody consists of two different heavy chains engineered into one molecule, enabling binding to two separate drug targets. Vancouver, British Columbia-based Zymeworks will receive an undisclosed up-front fee and research funding and could get regulatory milestones and royalties on any drugs that reach the market.
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