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Zymeworks beat earnings estimates with a smaller-than-expected loss and soaring revenue, while advancing cancer drug trials.
Zymeworks reported a quarterly loss of $0.26 per share, beating expectations of a $0.30 loss, with revenue up 72.6% year-over-year.
The clinical-stage biopharma company continues advancing its cancer treatments zanidatamab and ZW49 in trials.
Despite a negative return on equity and net margin, the stock closed at $17.90 with elevated trading volume.
Analysts maintain a "Buy" consensus rating, but the company has not provided 2025 guidance.
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Zymeworks superó las estimaciones de ganancias con una pérdida menor de lo esperado y un aumento de los ingresos, mientras avanzaba en los ensayos de medicamentos contra el cáncer.