MacroGenics received a $70 million upfront payment from Sagard Healthcare Partners through a royalty purchase agreement for ZYNYZ, a PD-1 inhibitor approved for anal canal carcinoma and Merkel cell carcinoma.
The deal extends MacroGenics' cash runway through the first half of 2027, providing financial stability as the company advances its pipeline of antibody-drug conjugates and bispecific therapeutics.
Under new CEO Eric Risser's leadership, MacroGenics is focusing on advancing key programs including lorigerlimab for prostate cancer, MGC026 and MGC028 ADCs for solid tumors, and preparing MGC030 for clinical trials.
The company reported $176.5 million in cash reserves as of June 30, 2025, with total revenue of $22.2 million in Q2 2025, primarily driven by increased contract manufacturing services.