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Zymeworks partners with Roche for global development of cancer drug ZW209, securing $95M upfront and potential $718M milestones

Company Fundamentals
23 Oct 2026
GlobeNewsWire
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Bullish
Zymeworks partners with Roche for global development of cancer drug ZW209, securing $95M upfront and potential $718M milestones

Zymeworks has entered an exclusive global license and collaboration agreement with Roche to develop and commercialize ZW209, a trispecific T cell engager targeting DLL3 for cancer treatment. Zymeworks will receive $55 million upfront and $40 million upon starting Phase 1b trials, plus up to $718 million in milestone payments and royalties on sales. Roche will fund the Phase 1a trial and handle global development and commercialization. This partnership leverages Zymeworks' antibody technology and Roche's global capabilities to advance ZW209, currently in early clinical trials for lung and neuroendocrine cancers.

Zymeworks' licensing deal with Roche for ZW209 provides context for the health sector's market activity on Pluang. As of Oct 23, 2026 15:31 WIB, out of 150 priced health-sector US stocks, 49 rose and 90 fell. Notable movers include IBRX at USD 8.19 with a -1.44% change, CYTK at USD 63.21 with a +1.41% change, and INO at USD 0.85 with a +1.38% change and a typical hold time of 43 days.

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