LifeSci Capital analyst Charles Zhu reiterated a Buy rating on Zymeworks today and set a price target of $30.00.
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Charles Zhu has given his Buy rating due to a combination of factors that highlight Zymeworks’ promising pipeline and strategic advancements. One of the key drivers is the recent FDA clearance for ZW251, a GPC3-targeted ADC, which is set to begin Phase 1 clinical trials in 2025. This asset has shown strong preclinical results, demonstrating significant activity and tolerability, which positions it as a potential first-in-class treatment for HCC.
Additionally, Zymeworks’ partnered assets are approaching critical milestones, such as the Phase 3 HERIZON-GEA data. The company’s ability to secure substantial milestone payments and the promising outlook for zanidatamab in combination with chemotherapy further support the Buy rating. These developments, along with the company’s robust pipeline and strategic focus, underscore the potential for significant growth and value creation, making Zymeworks an attractive investment opportunity.
According to TipRanks, Zhu is an analyst with an average return of -2.5% and a 44.35% success rate. Zhu covers the Healthcare sector, focusing on stocks such as Merus, Kura Oncology, and Zymeworks.