Zymeworks bags a protein engineering platform as it preps for an IPO
IPO-bound Zymeworks CEO Ali Tehrani bought himself a two-year runway back in January after completing a $61.5 million round. And following up on his clear desire to round out the Vancouver-based biotech’s technology foundation, Tehrani has completed a deal to in-license new protein engineering tech from Innovative Targeting Solutions.
The biotech, which is allied with a roster of marquee biopharma partners, bills this tech as “the first fully mammalian technology that generates antibody diversity in vitro via RAG1/RAG2 mediated V(D)J recombination, allowing for the generation and affinity maturation of highly potent protein-based biologics.” And that should go a ways toward developing better bispecifics and drug conjugates.
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