MacroGenics to Receive $24.5 Million in Regulatory Milestone Payment

MT Newswires Live

06/23

MacroGenics (MGNX) said late Monday it will receive $24.5 million of regulatory milestone payments from Sanofi (SNY) following the US Food and Drug Administration's accelerated approval of Tzield to treat children aged eight to 17 with stage 3 type 1 diabetes.

The company remains eligible to receive up to $305 million in additional milestone payments, according to a statement.

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