Zymeworks Inc. provided an update on its key strategic priorities for 2025 and 2026 on January 8, 2025. The company reported unaudited cash resources of approximately $324 million as of December 31, 2024, which includes cash, cash equivalents, and marketable securities.
This financial position is bolstered by a $25 million milestone payment earned in the fourth quarter of 2024 from Jazz Pharmaceuticals, which is expected to be received in the first quarter of 2025. Based on current operating plans and anticipated regulatory milestones, Zymeworks projects its existing cash resources will fund planned operations into the second half of 2027.
The company also reaffirmed its plans to submit Investigational New Drug (IND) applications for ZW220 and ZW251 in 2025, demonstrating continued progress in its wholly-owned pipeline. This extended cash runway provides Zymeworks with flexibility to advance its pipeline without immediate reliance on dilutive equity financing.
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