Zymeworks Inc (OQ:ZYME)

Business Focus: Bio Therapeutic Drugs

Sector:  Healthcare Industry:  Biotechnology & Medical Research
 
See Regulatory Filings on SEC
Company Contact
Address: 108 Patriot Drive, Suite A
MIDDLETOWN DE 19709
Tel: N/A
Website: https://www.zymeworks.com
IR: See website
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Key People
Kenneth H. Galbraith
Chairman of the Board, President, Chief Executive Officer, Interim Chief Financial Officer
Paul A. Moore
Chief Scientific Officer
 
Business Overview
Zymeworks Inc. is a global biotechnology company. The Company is engaged in the discovery, development, and commercialization of multifunctional biotherapeutics to treat cancer and other serious diseases. Its complementary therapeutic platforms and fully integrated drug development engine provide the flexibility and compatibility to precisely engineer and develop differentiated antibody-based therapeutic candidates. Its platforms include Azymetric, Drug Conjugate Platforms, EFECT, and ProTECT. Its lead product candidate, zanidatamab, is a bispecific antibody that targets two distinct domains of the human epidermal growth factor receptor 2 (HER2). Its second product candidate, zanidatamab zovodotin, combines the biparatopic antibody design of zanidatamab with its ZymeLink auristatin antibody-drug conjugate (ADC) technology, comprised of its cytotoxin (cancer cell-killing compound) and cleavable linker. Its pipeline includes four preclinical candidates: ZW191, ZW171, ZW220, and ZW251.
Financial Overview
For the three months ended 31 March 2024, Zymeworks Inc revenues decreased 72% to $10M. Net loss increased 30% to $31.7M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects discovery, development and commercialization segment loss increase of 39% to $37.8M. Basic Earnings per Share excluding Extraordinary Items decreased from -$0.36 to -$0.42.
Employees: 275 as of Mar 31, 2024
Reporting Currency: U.S. Dollars
Enterprise value: $289.97M as of Mar 31, 2024
Annual revenue (TTM): $50.46M as of Mar 31, 2024
EBITDA (TTM): -$138.91M as of Mar 31, 2024
Net annual income (TTM): -$125.97M as of Mar 31, 2024
Free cash flow (TTM): -$77.13M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 71,275,527 as of Apr 30, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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