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Week In Review: Shanghai's Zenas Acquires CD19 Antibody From Xenco In $480 Million Deal

In a $480 million deal, Zenas acquired global rights to a bifunctional antibody from Xencor that targets CD19. Instead of an upfront payment, Zenas will issue a warrant granting Xencor the right to acquire Zenas shares up to 15% of Zenas’ equity.
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