Zymeworks Inc. unveils pipeline progress and partnership milestones in latest corporate presentation

Reuters01-12
Zymeworks Inc. unveils pipeline progress and partnership milestones in latest corporate presentation

Zymeworks Inc. announced the completion of its $30 million share repurchase program and recognized $25.2 million in partnership milestone payments, including a $25 million regulatory milestone from Jazz following FDA approval of Ziihera® for HER2-positive biliary tract cancer and a $20 million milestone from BeOne after conditional approval by the NMPA. The company also initiated a new $125 million share repurchase program and reported $2.5 million in research revenue. Recent pipeline updates include initial clinical data from the Phase 1 trial of ZW191 and the start of Phase 1 trials for both ZW191 and ZW251, while development of ZW171 has been discontinued. Zymeworks continues to emphasize partnerships, royalty, and milestone generation as central to its business strategy. You can access the full presentation through the link below.

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