other material
confidence high
sentiment positive
materiality 0.70
Zentalis regains global rights to azenosertib, ZN-d5, ZN-c5 from Zentera
Zentalis Pharmaceuticals, Inc.
- Terminated collaboration with Zentera Therapeutics; now holds worldwide development/commercialization rights to three drug candidates.
- Pays $30M upfront, milestone payment, and low single-digit royalty on Greater China net sales of azenosertib, ZN-d5, ZN-c5.
- Sold its 40.3% equity stake in Zentera back to Zentera for de minimis consideration.