Zymeworks reports Q3 EPS (26c), consensus (32c)

Reports Q3 revenue $27.614M, consensus $29.91M. “This has been a productive quarter for Zymeworks (ZYME) as we continued to validate our next generation ADC platform with initial encouraging Phase 1 clinical data from ZW191, and commenced the Phase 1 clinical trial for ZW251 in a highly underserved indication,” said Kenneth Galbraith, Chair and Chief Executive Officer at Zymeworks. “Our partnership-based model continues to generate value today, while also providing opportunity for sustainable growth of potential cash flows. Our refreshed leadership and board help ensure we have the expertise and agility to execute consistently on the next phase of our strategy. As we seek to translate our scientific validation into a scalable, partnership-driven business model, we remain focused on developing next generation therapies through disciplined capital deployment to help build a foundation of durable royalty streams and drive sustainable long-term shareholder returns.”