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Zymeworks raised $250 million from Royalty Pharma, using future royalties from its drug Ziihera as repayment.
Zymeworks has secured $250 million in royalty-backed funding from Royalty Pharma, backed by 30% of worldwide tiered royalties from its drug Ziihera (zanidatamab-hrii).
Repayment will come from these royalties, which tier in the low- to mid-single digits, with Royalty Pharma set to receive 1.65 times the note amount by December 31, 2033, or 1.925 times if extended.
Zymeworks retains 70% of the royalties during repayment and all rights to regulatory and commercial milestones, including up to $1.5 billion in potential payments.
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Zymeworks recaudó 250 millones de dólares de Royalty Pharma, utilizando las regalías futuras de su medicamento Ziihera como pago.