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Agenus jumps on cancer drug partnership with India's Zydus

ReutersJun 3, 2025 11:49 AM

Shares of cancer therapy developer Agenus AGEN.O rise 33.4% to $5.51 premarket

AGEN and India-based Zydus Lifesciences ZYDU.NS have entered a $141 mln partnership to advance cancer immunotherapy drugs

Agenus will receive $75 mln upfront and potentially $50 mln more from Zydus for transferring its biologics manufacturing facilities, the cos say

Zydus is making a $16 mln equity investment in Agenus by purchasing shares at $7.50 each

As of last close, AGEN up 50.7% YTD

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