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Zymeworks shares are trading higher after HC Wainwright & Co maintained its Buy rating on the stock and raised the price target from $51 to $55. Also, Citizens reiterated its Market Outperform rating and maintained a $32 price target.

BenzingaBenzinga Newsdesk

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  1. Globenewswire IncNa

    Zymeworks Announces Updated 2026 Financial Guidance and Final Transaction Details Following Theravance Biopharma Acquisition

    Zymeworks completed its acquisition of Theravance Biopharma, adding YUPELRI to its portfolio and providing durable cash flows. The company updated 2026 guidance to $278-292 million in total revenue and $114-128 million in Adjusted EBITDA. The acquisition is expected to deliver mid-teens IRR with immediate accretive revenue and cash flow, financed through a $350 million non-recourse note from OMERS and $217.5 million in existing cash.