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flag Zenas BioPharma gained global rights to orelabrutinib and secured $120M in funding for MS and autoimmune trials.

flag Zenas BioPharma secured $120 million in financing and obtained global rights from InnoCare Pharma to develop orelabrutinib, a brain-penetrant BTK inhibitor, for multiple sclerosis and other autoimmune conditions outside Greater China and Southeast Asia. flag A Phase 3 trial for primary progressive MS is underway, with a second Phase 3 trial for secondary progressive MS set to begin in early 2026. flag The company also gained rights to two new autoimmune candidates, an IL-17AA/AF inhibitor and a TYK2 inhibitor, both expected to enter Phase 1 trials in 2026. flag Previous Phase 2 data showed strong efficacy and safety. flag Zenas may pay up to $2 billion in milestones and royalties, and the funding is expected to support operations into late 2026, possibly extending into 2027 with a potential $75 million milestone. flag Shares rose 16.35% to $24.26.

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