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Zymeworks

Biopharmaceutical firm developing multifunctional therapeutics

Overview

Zymeworks creates multifunctional therapeutics for hard-to-treat cancers and other serious diseases, focusing on antibody-drug conjugates and multispecific antibodies. Its therapies use proprietary platforms for precise target engagement and modular design to combine targeting, efficacy, and safety, developed through an integrated R&D engine from target discovery to pivotal studies. The company differentiates itself with dedicated antibody platforms and a strong emphasis on partnerships and licensing to advance candidates with collaborators. Its goal is to discover, develop, and commercialize novel therapeutic agents globally to improve patient outcomes.

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About Zymeworks

Simplify's Rating
Why Zymeworks is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

BiotechnologyHealthcare

Company Size

201-500

Company Stage

IPO

Headquarters

Vancouver, Canada

Founded

2003

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What believers are saying

  • Sept. 23, 2026 Theravance acquisition added YUPELRI cash flow and raised 2026 guidance.
  • Aug. 25, 2026 FDA approved Ziihera, triggering a $250 million milestone payment.
  • ZW191’s 6.4 mg/kg arm cut grade 3+ toxicity to 22%, supporting partner interest.

What critics are saying

  • Amgen’s Imdelltra approved November 2025 already captures DLL3 small-cell lung cancer momentum.
  • Roche’s IBI3009 and ALPS12 competition can crowd out ZW209 before 2040 royalties.
  • YUPELRI cash flows secure $350 million OMERS debt; missed growth squeezes capital allocation.

What makes Zymeworks unique

  • Zymeworks’ Azymetric platform powers bispecifics, multispecifics, and ADCs across oncology.
  • Oct. 23, 2026 Roche licensed ZW209 worldwide, validating Zymeworks’ DLL3 engager engine.
  • ZW191 showed 64.5% cORR in high-grade serous PROC at ESMO 2026.

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Funding

Total Funding

$888.6M

Above

Industry Average

Funded Over

15 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Wellness Program
  • 401(k) Company Match
  • Company Equity
  • Paid Vacation
  • Hybrid Work Options
  • Remote Work Options
  • Employee Share Purchase Program

Stock Price

Growth & Insights and Company News

6 month growth

0%

1 year growth

0%

2 year growth

0%
Yahoo Finance
Oct 27th, 2026
Zymeworks signs Roche deal worth up to $718M in milestones, shows 65% response in ovarian cancer

Zymeworks has agreed a collaboration with Roche on ZW209, a T-cell engager that targets DLL3-positive tumours, including small cell lung cancer. The deal is subject to Hart-Scott-Rodino Act clearance. Zymeworks would receive $55 million upfront and $40 million when a Phase 1b study begins. It could also earn up to $718 million in milestones, plus tiered royalties from high single digits to mid-teens. Roche would fund research and development, and take over later development and commercialisation. Zymeworks will run the first global trial. Zymeworks also reported updated data for ZW191 in platinum-resistant ovarian cancer. In high-grade serous disease, confirmed response rates were 65% at 6.4 mg/kg and 55% at 9.6 mg/kg. The company is seeking partners to fund further development.

Yahoo Finance
Oct 26th, 2026
Zymeworks licenses ZW209 to Roche in deal worth up to $813M, with $55M upfront

Zymeworks has granted Roche exclusive worldwide rights to develop and commercialise ZW209, a DLL3-targeting trispecific T-cell engager. The deal brings $55.0 million upfront, up to $758.0 million in further milestones, and tiered royalties. Roche will take on most later development and commercialisation work. That fits Zymeworks' partnership-heavy, capital-light model, though future cash from ZW209 now depends largely on Roche meeting its own targets. The company also reported Phase 1 data for ZW191, an ovarian cancer antibody-drug conjugate. It showed activity across folate receptor alpha expression levels and a more favourable tolerability profile at 6.4mg/kg.

MarketScreener
Oct 24th, 2026
Zymeworks Inc. presents new Phase 1 data for folate receptor alpha-targeting antibody-drug conjugate zw191 at ESMO Congress 2026.

Zymeworks Inc. presents new Phase 1 data for folate receptor alpha-targeting antibody-drug conjugate zw191 at ESMO Congress 2026. Published on 10/24/2026 at 03:35 am EDT S&P Capital IQ Zymeworks Inc. presented new clinical data from the randomized dose-optimization portion of its ongoing Phase 1 study evaluating ZW191, a FRa-targeting antibody-drug conjugate (ADC), at the European Society for Medical Oncology (ESMO) Congress 2026 in Madrid, Spain. The presentation highlights compelling anti-tumor activity in heavily pretreated patients with platinum-resistant ovarian cancer (PROC), including patients with high-grade serous disease across all levels of FRa expression. The results demonstrate compelling response rates, durability and a favorable tolerability profile, particularly at the 6.4 mg/kg dose, further supporting the potential of ZW191 to address limitations of currently available FRa-targeted therapies and expand treatment opportunities for patients with ovarian cancer. The analysis included efficacy and safety data from 80 patients with PROC randomized to receive ZW191 at 6.4 mg/kg (n=37) or 9.6 mg/kg (n=43) every three weeks, as of the September 10, 2026 data cutoff date. Patients were heavily pretreated, having received a median of four prior lines of therapy, with 45% receiving five or more prior lines. Median follow-up was seven months. FRa expression was assessed by immunohistochemistry and categorized as low/negative (0%?24%), intermediate (25%?74%) or high (75%?100%) based on the percentage of tumor cells with 2+ or 3+ staining intensity. Among response-evaluable patients with high-grade serous PROC, ZW191 demonstrated a cORR of 64.5% at 6.4 mg/kg and 55.3% at 9.6 mg/kg, with disease control rates of 100% and 92.1%, respectively. These findings demonstrate compelling anti-tumor activity at both doses in a heavily pretreated patient population. ZW191 demonstrated meaningful anti-tumor activity across FRa expression in patients with high-grade serous PROC. Confirmed objective response rates were 69.2% in patients with high FRa expression, 50.0% in patients with intermediate FRa expression and 55.0% in patients with low or negative FRa expression. Responses to ZW191 were deep and durable, with median duration of response not yet reached at either dose. Six-month progression-free survival (PFS) was 61% in both groups, while median PFS was 7.9 months at 6.4 mg/kg and 9.8 months at 9.6 mg/kg in patients with high-grade serous PROC. At the time of data cutoff, 45% of patients remained on treatment, and PFS data continue to mature, especially at 6.4 mg/kg. ZW191 continued to demonstrate a favorable tolerability profile, particularly at 6.4 mg/kg. Grade 3 or higher treatment-related adverse events occurred in 22% of patients receiving 6.4 mg/kg compared with 44% at 9.6 mg/kg. Treatment-emergent adverse events leading to dose reductions occurred in 5% and 33% of patients, respectively, while discontinuations due to adverse events occurred in 14% and 19%. No deaths due to treatment-emergent adverse events were reported in either treatment group. The overall safety profile was manageable and supports continued clinical development. The findings demonstrate encouraging anti-tumor activity across the 6.4 mg/kg and 9.6 mg/kg dose levels, with a more favorable tolerability profile at 6.4 mg/kg. These results will inform optimal dose selection for further clinical development. ZW191's differentiated profile, including its novel FRa-targeting antibody, proprietary topoisomerase I inhibitor payload, ZD06519, and high drug-to-antibody ratio, supports its potential to address key limitations of existing therapies and broaden the applicability of FRa-targeted treatment approaches. ZW191 is an antibody-drug conjugate engineered to target a protein called folate receptor-? found in ~75% of high-grade serous ovarian carcinomas, over 50% of endometrial cancers, and ~70% of lung adenocarcinomas. ZW191?s differentiated design strongly supports its ability to internalize into FR?-expressing cells with the potential to release bystander active topoisomerase-1 inhibitor (ZD06519), a novel proprietary payload developed by Zymeworks to kill tumor cells. (C) S&P Capital IQ - 2026

The Deep Dive
Oct 23rd, 2026
Roche's $813 million Zymeworks deal adds to $1.08 billion cancer bet.

Roche's $813 million Zymeworks deal adds to $1.08 billion cancer bet. Months before Vancouver-based Zymeworks agreed to license its experimental cancer treatment to Roche, the biotechnology company had already identified two Roche-linked drugs among its potential competitors. The disclosure, contained in Zymeworks' March 2026 annual filing, places Friday's $813 million agreement within a broader Roche investment in treatments targeting DLL3, a protein associated with small-cell lung cancer. One of those investments already carries a potential value exceeding $1 billion. Roche's latest agreement gives the Swiss pharmaceutical company global development and commercialization rights to Zymeworks' ZW209, according to Reuters. Sponsored · Selkirk Copper Mines Zymeworks will receive $55 million upfront and another $40 million if Roche initiates a planned dose-optimization study. The Vancouver company could collect an additional $718 million through development, regulatory, and commercial milestones, plus royalties on future sales. In January 2025, Roche signed a separate agreement with Innovent Biologics for IBI3009, an experimental antibody-drug conjugate also targeting DLL3. The transaction provided Innovent with $80 million upfront and eligibility for up to $1 billion in milestone payments. Together, the two agreements represent $1.893 billion in maximum potential payments, excluding royalties. Only $135 million consists of upfront consideration, with the remaining $1.758 billion tied to future development decisions and milestones. Zymeworks' own annual report identifies Roche/Innovent's IBI3009 as a competing approach to ZW209. The same filing lists Chugai/Roche's ALPS12, another DLL3-targeting T-cell engager, among competing development programs. Sponsored · Silver47 Exploration Inc. The treatments differ technologically. Innovent's IBI3009 uses an antibody-drug conjugate to deliver a cancer-killing payload. ZW209 is designed to engage immune cells through DLL3, CD3, and CD28, with the goal of improving antitumor activity through additional T-cell stimulation. Zymeworks has reported encouraging laboratory and preclinical findings, but these have not established effectiveness in patients. The market is not entirely experimental. Amgen received full FDA approval for its DLL3-targeting treatment Imdelltra in November 2025. The authorization covers certain adults with extensive-stage small-cell lung cancer following platinum-based chemotherapy. In Amgen's Phase 3 DeLLphi-304 study, median overall survival reached 13.6 months with Imdelltra, compared with 8.3 months for patients receiving standard chemotherapy. ZW209 has yet to demonstrate comparable clinical results. Zymeworks CEO Kenneth Galbraith told Reuters that Roche agreed to the partnership before efficacy data were available, citing the platform's technological differentiation. The first patient is expected to enter the study before the end of 2026. Under the agreement, Roche will assume subsequent development responsibility after Zymeworks completes dose escalation. Information for this briefing was found via the sources and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Yahoo Finance
Oct 19th, 2026
Zymeworks appoints Suzanne Monahan to lead Theravance Biopharma and YUPELRI commercial strategy

Zymeworks has appointed Suzanne Monahan as senior vice president, commercial, and general manager of Theravance Biopharma, effective immediately. She will report to Kenneth Galbraith, chair and chief executive officer. Monahan will lead commercial strategy for YUPELRI (revefenacin), the first and only once-daily nebulised long-acting muscarinic antagonist approved in the US for maintaining treatment of chronic obstructive pulmonary disease. Zymeworks recently acquired Theravance Biopharma. Monahan has more than 20 years of commercial experience in pharmaceuticals and medical devices. She most recently served as senior vice president at Pacira BioSciences, and earlier worked at Shionogi, Circassia Pharmaceuticals, Sanofi-Aventis, and Salix Pharmaceuticals. "Suzanne is a proven commercial leader," Galbraith said.

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