MacroGenics to sell manufacturing operations to Bora for $122.5 million
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MacroGenics to Sell GMP Manufacturing Operations to Bora Pharmaceuticals
May 11, 2026 5:20 PM EDTMacroGenics to receive $122.5 million upfront payment from Bora upon closing
Transaction includes transfer of manufacturing site, CDMO operations and associated personnel to Bora
ROCKVILLE, MD, May 11, 2026 (GLOBE NEWSWIRE) -- MacroGenics, Inc. (NASDAQ: MGNX), a clinical-stage biopharmaceutical company focused on developing innovative antibody-based therapeutics for the treatment of cancer, and Bora Pharmaceuticals Co., Ltd. (TWSE: 6472; OTCQX: BORAY), a global leader in pharmaceutical manufacturing, today announced that they had entered into a definitive agreement in which MacroGenics will sell its good manufacturing practice (GMP) drug substance manufacturing operations to Bora, subject to customary closing conditions.
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