other material
confidence high
sentiment positive
materiality 0.55
MacroGenics to receive $15M milestone from Incyte after FDA approval of ZYNYZ
MACROGENICS INC
- MacroGenics will receive $15M milestone payment from Incyte after FDA approval of ZYNYZ (retifanlimab-dlwr) for Merkel cell carcinoma.
- ZYNYZ, a PD-1 inhibitor, was originally developed by MacroGenics and licensed to Incyte in October 2017.
- This marks the third product approval from MacroGenics' pipeline of proprietary or partnered candidates.