Zymeworks

Zymeworks

ZYME
Vancouver, Canada· Est.
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ZYME · Stock Price

USD 26.60+15.30 (+135.29%)
Market Cap: $1.9B

Historical price data

Market Cap: $1.9BPipeline: 7 drugs (1 Phase 3)Patents: 20Founded: 2003HQ: Vancouver, Canada

Overview

Zymeworks is a clinical-stage biotech company with a mission to turn scientific innovation into meaningful impact for patients with difficult-to-treat diseases. The company has achieved a significant milestone with the first approval of its partnered asset, zanidatamab (Ziihera®), and is advancing a diverse internal pipeline of next-generation ADCs and multispecific antibodies. Its strategy is built on a dual approach: generating future royalty and milestone cash flows from a portfolio of partnered assets while reinvesting in high-value internal R&D to fuel long-term growth and shareholder returns.

OncologyInflammation

Technology Platform

A suite of nine proprietary, interoperable protein engineering platforms enabling the design of multifunctional biotherapeutics, including the Azymetric™ platform for bispecifics and the ZymeLink™ platform for antibody-drug conjugates.

Pipeline

7
7 drugs in pipeline1 in Phase 3
DrugIndicationStageWatch
Futibatinib + Ivosidenib + Zanidatamab + Trastuzumab + Nerat...Biliary Tract NeoplasmsPhase 3
Zanidatamab + Letrozole + TamoxifenBreast CancerPhase 2
ZW25Endometrial CancerPhase 2
ZW191Advanced Solid TumorsPhase 1
ZW251Hepatocellular CarcinomaPhase 1

Funding History

4
Total raised:$282M
PIPE$200M
IPO$59M
Series B$15M
Series A$8M

Opportunities

The validated royalty model provides a foundation for sustainable cash flow, enabling reinvestment in a high-potential internal pipeline of next-generation ADCs and multispecifics.
Expansion into inflammation with ZW1528 opens a large new market beyond core oncology focus.

Risk Factors

Clinical failure of lead internal ADC candidates (ZW191, ZW251) would undermine the internal R&D thesis.
The success of the asset aggregation strategy is unproven and depends on exceptional business development execution in a competitive partnering landscape.

Competitive Landscape

Faces intense competition in ADC space from large pharma and biotech peers, and in multispecifics from platform leaders. Differentiation hinges on demonstrating superior therapeutic indices with its ZymeLink™ payloads and the developability of its Azymetric™ constructs.

Company Timeline

2003Founded

Founded in Vancouver, Canada

2014Series B

Series B: $15.0M

2017IPO

IPO — $59.0M

2020PIPE

PIPE: $200.0M