Zymeworks

Zymeworks

ZYMEPhase 3
Vancouver, CanadaFounded 2003zymeworks.com

Zymeworks Inc. is a global biotechnology company committed to the discovery, development, and commercialization of next-generation multifunctional biotherapeutics. Its core expertise lies in protein engineering, with platforms like Azymetric™ for bispecific antibodies and ZymeLink™ for antibody-drug conjugates enabling a robust pipeline of oncology candidates. The company leverages a dual strategy of advancing its own clinical programs, such as zanidatamab, while entering into significant collaborations with major pharmaceutical firms to broaden the impact of its technology.

Market Cap
$1.7B
Founded
2003
Employees
300-500
Focus
Biotech

ZYME · Stock Price

USD 23.32+16.32 (+233.14%)

Historical price data

AI Company Overview

Zymeworks Inc. is a global biotechnology company committed to the discovery, development, and commercialization of next-generation multifunctional biotherapeutics. Its core expertise lies in protein engineering, with platforms like Azymetric™ for bispecific antibodies and ZymeLink™ for antibody-drug conjugates enabling a robust pipeline of oncology candidates. The company leverages a dual strategy of advancing its own clinical programs, such as zanidatamab, while entering into significant collaborations with major pharmaceutical firms to broaden the impact of its technology.

Technology Platform

Integrated suite of protein engineering platforms including Azymetric™ for bispecific antibodies and ZymeLink™ for antibody-drug conjugates (ADCs), enabling the design of multifunctional biotherapeutics with optimized properties.

Pipeline Snapshot

7

7 drugs in pipeline, 1 in Phase 3

DrugIndicationStage
Futibatinib + Ivosidenib + Zanidatamab + Trastuzumab + Neratinib + Encorafenib +...Biliary Tract NeoplasmsPhase 3
Zanidatamab + Letrozole + TamoxifenBreast CancerPhase 2
ZW25Endometrial CancerPhase 2
ZW49HER2-expressing CancersPhase 1
ZW251Hepatocellular CarcinomaPhase 1

Funding History

4

Total raised: $282M

PIPE$200MBaker Bros. AdvisorsDec 15, 2020
IPO$59MUndisclosedApr 27, 2017
Series B$15MEli LillyMay 15, 2014
Series A$8MBDC CapitalMar 15, 2012

Opportunities

Near-term opportunity includes the potential first commercial approval and launch of zanidatamab in biliary tract cancer.
Long-term growth can be driven by expanding zanidatamab into additional HER2-positive indications (e.g., first-line GEA) and advancing the internal ADC pipeline.
The platform licensing business offers a high-margin, capital-efficient revenue stream through new partnerships.

Risk Factors

Key risks include clinical trial failures, regulatory setbacks for lead asset zanidatamab, intense competition in targeted oncology, challenges in commercial execution, and the capital-intensive nature of drug development requiring careful cash management.

Competitive Landscape

Zymeworks faces competition from large pharma (Roche, AstraZeneca/Daiichi Sankyo) in the HER2 space and from other biotechnology platform companies (Genmab, AbCellera). Its differentiation lies in its unique biparatopic bispecific mechanism for zanidatamab and its integrated, modular technology platforms capable of generating both bispecific antibodies and ADCs.

Publications
20
Patents
20
Pipeline
7

Company Info

TypeTherapeutics
Founded2003
Employees300-500
LocationVancouver, Canada
StagePhase 3
RevenueEarly Revenue

Trading

TickerZYME
ExchangeNYSE

Therapeutic Areas

Oncology

Partners

Jazz PharmaceuticalsPfizerDaiichi SankyoGSKMerckBristol Myers Squibb
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