Zymeworks Stock Price, News & Analysis

Zymeworks Inc. (NYSE: ZYME) has announced its participation in three upcoming investor conferences, showcasing its development of multifunctional biotherapeutics.

• At the Stifel 2021 Virtual Healthcare Conference on November 16-17, a fireside chat will occur on November 17 at 1:20 p.m. ET.
• The Jefferies London Healthcare Conference will feature a pre-recorded presentation available on November 18.
• A fireside chat at the Evercore ISI HEALTHCONx Virtual Conference is scheduled for November 30 at 3:05 p.m. ET.

These events will be webcast and available for replay on Zymeworks' website.

Zymeworks reported Q3 2021 financial results, showcasing revenue of $4.4 million, up from $2.6 million in Q3 2020, attributed to milestone payments and R&D support. R&D expenses decreased to $49.9 million from $54.4 million year-over-year, while G&A expenses fell to $15.5 million from $21.9 million. Net loss improved to $60.6 million from $72.6 million in the same period last year. Zymeworks holds $307.8 million in cash resources, expected to fund operations into late 2022. The company advances its clinical programs and prepares for pivotal trials.

Zymeworks Inc. (NYSE:ZYME) has announced a conference call and webcast on November 9 at 4:15 p.m. ET, detailing the launch of its Phase 3 HERIZON-GEA-01 study for zanidatamab in treating HER2-positive gastroesophageal adenocarcinoma (GEA). The study compares zanidatamab plus chemotherapy with the standard trastuzumab plus chemotherapy. Zanidatamab, a bispecific antibody, has received several FDA designations, including Breakthrough Therapy and Fast Track, indicating its potential in the treatment landscape for solid tumors expressing HER2.

Zymeworks Inc. (NYSE: ZYME) and ALX Oncology Holdings Inc. (NASDAQ: ALXO) have initiated a Phase 1b/2 clinical trial, dosing the first patient to assess the safety and efficacy of zanidatamab combined with evorpacept for advanced HER2-positive breast and solid tumors. This combination aims to improve immune clearance of cancer cells. Zanidatamab, a bispecific antibody, is designed to target HER2, while evorpacept blocks the CD47 pathway, potentially enhancing therapeutic effects. This collaboration follows promising results from prior studies involving evorpacept in gastric cancers.

Zymeworks Inc. (NYSE: ZYME) has announced promising clinical results for zanidatamab, a HER2-targeted therapy for first-line HER2-positive gastroesophageal adenocarcinoma (GEA). Data from a Phase 2 study presented at the ESMO Congress showed a confirmed objective response rate (cORR) of 75%, and 93% for the proposed Phase 3 regimen. The median duration of response was 16.4 months. A global Phase 3 trial is planned to start in Q4 2021, which aims to establish zanidatamab as a new standard of care in combination with chemotherapy.

Zymeworks Inc. (NYSE: ZYME) announced new clinical data for zanidatamab, a HER2-targeted bispecific antibody, showing promising results in treating first-line HER2-expressing gastroesophageal adenocarcinoma (GEA). In a trial involving 30 patients, the objective response rate was 68.2%, and the disease control rate reached 90.9%. The updated data will be presented at the ESMO Annual Congress on September 16. Zymeworks is positioning zanidatamab as a foundational HER2-targeted therapy, supported by FDA designations for accelerated approval.

Zymeworks Inc. (NYSE: ZYME) reported second-quarter 2021 financial results, with revenue of $1.8 million, down from $12.4 million in Q2 2020. The net loss increased to $67.5 million compared to $39.0 million last year, attributed to decreased revenue and increased expenses. The company is preparing for pivotal trials for zanidatamab in HER2-positive cancer and has initiated new clinical studies. Despite the challenges, Zymeworks maintains $359.8 million in cash, projecting operational funding into 2022.

Zymeworks Inc. (NYSE: ZYME) announced that Janssen Biotech has dosed the first patient with JNJ-78278343, a bispecific antibody developed using Zymeworks' Azymetric™ and EFECT™ platforms. This milestone is part of their 2017 licensing agreement, in which Zymeworks received an upfront payment of $50 million and could earn up to $282 million in development and $1.12 billion in commercial milestones. Zymeworks emphasizes the significance of its platform technologies to their business model, complementing their leading clinical assets.

Zymeworks Inc. (NYSE: ZYME) has initiated a Phase 1 trial, dosing the first patient with zanidatamab, combined with Tukysa® (tucatinib) and capecitabine, targeting HER2-positive breast cancer. This follows positive results from previous trials combining tucatinib with trastuzumab and chemotherapy. Zanidatamab employs a bispecific design to enhance anti-tumor activity and is viewed as a promising treatment for patients with advanced HER2-positive breast cancer. The FDA has granted Breakthrough Therapy designation for zanidatamab in specific cancer types, indicating potential accelerated approval for its use.