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Zymeworks ( (ZYME) ) has provided an update.
Zymeworks Inc. has announced the discontinuation of the clinical development of ZW171, a T cell engager targeting mesothelin-driven cancers, due to an unfavorable benefit-risk profile observed during the Phase 1 trial. Despite this setback, Zymeworks remains committed to advancing its broader product pipeline, including the ongoing trials for ZW191 and the upcoming trials for ZW251 and ZW209, reflecting the company’s disciplined approach to resource allocation and its focus on candidates with the greatest potential impact.
The most recent analyst rating on (ZYME) stock is a Hold with a $15.00 price target. To see the full list of analyst forecasts on Zymeworks stock, see the ZYME Stock Forecast page.
Spark’s Take on ZYME Stock
According to Spark, TipRanks’ AI Analyst, ZYME is a Neutral.
Zymeworks’ overall score is driven by strong earnings call insights, including revenue growth and regulatory successes. However, financial performance and valuation concerns, particularly profitability and cash flow issues, weigh down the score. Technical analysis provides a positive outlook, but the negative P/E ratio and lack of dividends are significant detractors.
To see Spark’s full report on ZYME stock, click here.
More about Zymeworks
Zymeworks Inc. is a global clinical-stage biotechnology company focused on the discovery, development, and commercialization of novel, multifunctional biotherapeutics. The company aims to improve the standard of care for difficult-to-treat diseases such as cancer, inflammation, and autoimmune diseases. Zymeworks is known for its engineered and developed zanidatamab, a HER2-targeted bispecific antibody, and has strategic partnerships with global biopharmaceutical companies.
Average Trading Volume: 459,666
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.12B
For an in-depth examination of ZYME stock, go to TipRanks’ Overview page.