STOCK TITAN

Zymeworks Presents New Phase 1 Data for ZW191, a Folate Receptor Alpha-Targeting ADC at AACR Annual Meeting 2026

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)

Zymeworks (Nasdaq: ZYME) on April 21, 2026 presented Phase 1 dose-escalation data for ZW191, an FRα-targeting ADC showing strong anti-tumor activity and manageable safety in heavily pretreated ovarian and endometrial cancers.

Key data: confirmed ORR up to 61% at 6.4–9.6 mg/kg, median progression-free survival 7.6 months, duration of response not reached, and tolerability to 11.2 mg/kg.

Loading...
Loading translation...

AI-generated analysis. Not financial advice.

Positive

  • cORR 61% in 6.4–9.6 mg/kg ovarian cohort
  • Median PFS 7.6 months across ovarian and endometrial cohorts
  • Duration of response not reached at data cutoff
  • Tolerated up to 11.2 mg/kg with manageable safety

Negative

  • Grade ≥3 TEAEs in 55% of patients
  • 24% neutropenia, 20% anemia, 12% thrombocytopenia
  • 20% discontinued due to adverse events
  • One on-study grade 5 event at highest dose (not treatment-related)

News Market Reaction – ZYME

+0.19%
1 alert
+0.19% News Effect

On the day this news was published, ZYME gained 0.19%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

cORR (ovarian, 6.4–9.6 mg/kg): 61% Median PFS: 7.6 months Disease control (6.4–9.6 mg/kg): 100% +5 more
8 metrics
cORR (ovarian, 6.4–9.6 mg/kg) 61% Platinum resistant ovarian cancer patients at 6.4–9.6 mg/kg
Median PFS 7.6 months Ovarian and endometrial cancer cohorts
Disease control (6.4–9.6 mg/kg) 100% Ovarian and endometrial cancers regardless of FRα expression
Tumor regression 68% Platinum resistant ovarian cancer across all dose levels
Severe TEAEs 55% Patients treated with ZW191 (grade ≥3 treatment-emergent AEs)
Treatment discontinuations 20% Patients discontinuing ZW191 due to adverse events
Median time to response 1.4 months Ovarian and endometrial cancer cohorts
Maximum tolerated dose 11.2 mg/kg ZW191 safely administered up to this dose

Market Reality Check

Price: $23.89 Vol: Volume 490,298 is below 2...
normal vol
$23.89 Last Close
Volume Volume 490,298 is below 20-day average of 568,784 (relative volume 0.86). normal
Technical Price 28.27 is above 200-day MA of 20.39 and near 52-week high of 28.49.

Peers on Argus

ZYME was up 0.18% while key peers were mixed: RCUS up 13.31%, DNTH, PGEN, and NT...
1 Up

ZYME was up 0.18% while key peers were mixed: RCUS up 13.31%, DNTH, PGEN, and NTLA down modestly, and TRML flat. This points to stock-specific dynamics rather than a broad biotech move.

Previous Clinical trial Reports

5 past events · Latest: Mar 30 (Positive)
Same Type Pattern 5 events
Date Event Sentiment Move Catalyst
Mar 30 Fast Track designation Positive +0.1% FDA Fast Track status granted for ZW191 in platinum‑resistant ovarian cancer.
Nov 17 Phase 3 results Positive +29.1% Positive Phase 3 HERIZON-GEA-01 data for Ziihera plus chemotherapy in HER2+ GEA.
Oct 23 Initial Phase 1 data Positive -1.5% Preliminary Phase 1 efficacy and safety data for ZW191 presented at AACR-NCI-EORTC.
Sep 02 Program discontinuation Negative -5.4% Clinical development of ZW171 discontinued after Phase 1 due to dose-limiting toxicities.
May 19 Preclinical data Positive +5.2% Preclinical efficacy and PK data for respiratory candidate ZW1528 presented at conference.
Pattern Detected

Clinical and regulatory wins for pipeline assets, including ZW191 and Ziihera, have often coincided with positive single-day moves, though occasional negative reactions to favorable data also appear.

Recent Company History

Over the past year, Zymeworks has reported multiple clinical milestones. For ZW191, initial Phase 1 data on Oct 23, 2025 showed encouraging activity, followed by a U.S. FDA Fast Track designation on Mar 30, 2026. Separately, positive Phase 3 results for Ziihera were announced on Nov 17, 2025, and preclinical data for ZW1528 were shared on May 19, 2025. The ZW171 program was discontinued on Sep 2, 2025. Today’s Phase 1 update for ZW191 builds on this ZW191-focused clinical and regulatory trajectory.

Historical Comparison

+5.5% avg move · Clinical-trial headlines for Zymeworks have produced an average one-day move of 5.49%, with reaction...
clinical trial
+5.5%
Average Historical Move clinical trial

Clinical-trial headlines for Zymeworks have produced an average one-day move of 5.49%, with reactions ranging from modest to very strong, indicating that trial readouts can be meaningful trading catalysts.

For ZW191, the timeline shows initial Phase 1 data in Oct 2025, followed by U.S. FDA Fast Track designation in Mar 2026, and now updated Phase 1 results with dose escalation and optimization. In parallel, Ziihera advanced with positive Phase 3 data, while other assets like ZW1528 progressed preclinically and ZW171 was discontinued, illustrating active portfolio pruning and advancement.

Market Pulse Summary

This announcement provides expanded Phase 1 data for ZW191, showing a cORR of 61% in platinum‑resist...
Analysis

This announcement provides expanded Phase 1 data for ZW191, showing a cORR of 61% in platinum‑resistant ovarian cancer at 6.4–9.6 mg/kg and median PFS of 7.6 months across ovarian and endometrial cohorts. These results build on earlier ZW191 data and the recent Fast Track designation. Investors may watch how efficacy at the selected dose, the reported 55% rate of grade ≥3 adverse events, and future registration-enabling decisions fit into Zymeworks’ broader clinical strategy.

Key Terms

folate receptor alpha, frα, antibody-drug conjugate, adc, +4 more
8 terms
folate receptor alpha medical
"ZW191, a folate receptor alpha (FRα)-targeting antibody-drug conjugate (ADC), at the 2026"
Folate receptor alpha is a protein on the surface of some cells that acts like a lock for folate, a vitamin cells need; certain cancers present many more of these “locks” than healthy tissue. Because it can serve as a clear marker of disease and a focused entry point for drugs or imaging agents, it matters to investors — therapies or diagnostics that target this receptor can affect clinical trial success, regulatory approval, and commercial value.
frα medical
"regardless of FRα expressionConfirmed objective response rate (cORR) of 61% at doses 6.4-9."
frα, short for folate receptor alpha, is a protein on the surface of some cells that acts like a doorway for folate, a nutrient cells need to grow. In cancer investing, its presence on tumor cells matters because it can be used as a target for drugs, imaging agents or tests that aim to find or attack cancer cells while sparing healthy tissue — much like putting a GPS tag on a specific truck in a large fleet. Strong expression of frα can influence a therapy’s potential market and regulatory path.
antibody-drug conjugate medical
"folate receptor alpha (FRα)-targeting antibody-drug conjugate (ADC), at the 2026 American"
An antibody-drug conjugate is a targeted medicine that combines an antibody, which can identify specific cells, with a powerful drug designed to destroy those cells. This approach allows for precise treatment, minimizing damage to healthy tissue. For investors, developments in this area can signal advances in cancer therapies and potential growth opportunities in the biotech sector.
adc medical
"folate receptor alpha (FRα)-targeting antibody-drug conjugate (ADC), at the 2026 American"
An antibody-drug conjugate (ADC) is a targeted cancer medicine that pairs an antibody that recognizes specific markers on tumor cells with a potent cell-killing drug, connected so the toxic payload is delivered directly to the cancer. For investors, ADCs matter because successful ADCs can improve patient outcomes and reduce side effects compared with traditional chemotherapy, shaping clinical trial success, regulatory approval chances, commercial demand, and a company’s valuation much like a guided missile versus a general bomb.
objective response rate medical
"regardless of FRα expressionConfirmed objective response rate (cORR) of 61% at doses"
The objective response rate (ORR) is the percentage of patients in a clinical trial whose tumors measurably shrink or disappear according to preset rules. Investors use it as a quick, objective signal of a drug’s ability to produce a clear treatment effect—like counting how many plants visibly respond after applying a new fertilizer—and higher ORR can improve odds of regulatory approval, commercial success, and company valuation.
progression-free survival medical
"data cutoff, and median progression-free survival was 7.6 months in ovarian and"
Progression-free survival is the length of time during and after a treatment that a patient's disease does not get worse, measured from the start of treatment until the disease shows measurable signs of progression or the patient dies. Investors care because longer progression-free survival in clinical trials often signals that a drug is effective, improving chances of regulatory approval, market adoption, and revenue potential—think of it as a stopwatch showing how long a therapy can keep the illness at bay.
treatment-emergent adverse events medical
"Severe (grade ≥3) treatment-emergent adverse events (TEAEs) occurred in 55% of patients"
Events or symptoms that either appear for the first time or get worse after a patient starts a treatment; think of new or intensified side effects that show up once medicine or a medical device is used. Investors watch these closely because they affect whether a therapy can gain regulatory approval, be prescribed widely, or face legal and commercial setbacks—similar to how early customer complaints can sink a new product’s prospects.
teaes medical
"Severe (grade ≥3) treatment-emergent adverse events (TEAEs) occurred in 55% of patients"
Treatment-emergent adverse events (TEAEs) are side effects or new health problems that appear or worsen after a patient begins a study treatment in a clinical trial. Investors watch TEAEs because how often and how severe they are shapes a drug’s safety profile, regulatory approval chances, market acceptance and potential legal or commercial risks—think of them like a report of defects that can make or break a product’s success.

AI-generated analysis. Not financial advice.

  • ZW191 demonstrates encouraging anti-tumor activity in heavily pretreated ovarian and endometrial cancers, regardless of FRα expression
  • Confirmed objective response rate (cORR) of 61% at doses 6.4-9.6 mg/kg in platinum resistant ovarian cancer
  • Median duration of response was not reached at the time of data cutoff, and median progression-free survival was 7.6 months in ovarian and endometrial cancer cohorts
  • Favorable tolerability profile and broad therapeutic window support continued clinical development 

VANCOUVER, British Columbia, April 21, 2026 (GLOBE NEWSWIRE) -- Zymeworks Inc. (Nasdaq: ZYME), a biotechnology company managing a portfolio of licensed healthcare assets while developing a diverse pipeline of novel, multifunctional biotherapeutics, today announced results from the dose-escalation part of the Phase 1 study for ZW191, a folate receptor alpha (FRα)-targeting antibody-drug conjugate (ADC), at the 2026 American Association for Cancer Research (AACR) Annual Meeting.

The data from Part 1 of the ongoing global Phase 1 study (ZWI-ZW191-101), highlight a compelling combination of anti-tumor activity and manageable safety in patients with advanced, heavily pretreated solid tumors, including ovarian and endometrial cancers.

“We are highly encouraged by the initial clinical data for ZW191, which reinforce the strength of our ADC platform and its ability to generate differentiated therapeutics,” said Sabeen Mekan, M.D., Senior Vice President and Chief Medical Officer at Zymeworks. “The breadth and durability of responses, along with activity across varying levels of FRα expression, support further development of ZW191 as a potential best-in-class agent for patients with ovarian and endometrial cancers.”

Part 2a, the dose-optimization portion of the study evaluating patients with ovarian cancer at doses of 6.4 mg/kg and 9.6 mg/kg, has completed enrollment, with participants recruited globally across North America, Europe, and Asia-Pacific. The data from Part 2a will determine the recommended dose for any future registration studies.

Key Findings

In platinum resistant ovarian cancer patients, ZW191 demonstrated a cORR of 56% across all dose levels, with tumor regression observed in 68% of patients and disease control achieved in 94%. Notably, ZW191 demonstrated compelling anti-tumor activity in the 6.4-9.6 mg/kg dose range regardless of FRα expression, with a cORR of 61% observed in ovarian and 57% in endometrial cancers, with disease control observed in 100% of patients. These findings highlight the potential for ZW191 to benefit a broad patient population, including those with low or heterogeneous target expression.

In endometrial cancer, ZW191 showed a cORR of 40% across all dose levels and 57% in the 6.4-9.6 mg/kg cohort, with disease control rates of 80% and 86%, respectively. Responses were observed regardless of FRα expression levels, suggesting potential activity across a broad patient population.

Across ovarian and endometrial cancer cohorts, responses were observed early, with a median time to response of 1.4 months. Median duration of response was not reached at the time of data cutoff, and median progression-free survival was 7.6 months.

ZW191 was well tolerated and safely administered up to 11.2 mg/kg. Severe (grade ≥3) treatment-emergent adverse events (TEAEs) occurred in 55% of patients treated with ZW191, most of which were grade 3. The most common grade ≥3 events were neutropenia (24%), anemia (20%), and thrombocytopenia (12%). Grade 4 events were infrequent, and one grade 5 event was reported at the highest dose level and was not treatment-related. Serious TEAEs occurred in 35% of patients, and 20% discontinued due to adverse events. Overall, the safety profile was manageable with no unexpected signals.

“These data demonstrate the potential of ZW191 to deliver meaningful clinical benefit in patients with heavily pre-treated gynecological tumors with limited options,” said Patricia LoRusso, DO, PhD (hc), FAACR and lead author. “The combination of encouraging response rates and manageable safety profile supports further development of this therapy, particularly in ovarian and endometrial cancers where new treatment options are urgently needed.”

ZW191’s differentiated profile, including a high drug-to-antibody ratio and novel payload, support its potential to address key limitations of current therapies and expand the reach of FRα-targeted treatment approaches across multiple tumor types.

About ZW191

ZW191 is an antibody-drug conjugate engineered to target a protein called folate receptor-⍺ found in ~75% of high-grade serous ovarian carcinomas,1 over 50% of endometrial cancers,2,3 and ~70% of lung adenocarcinomas4. ZW191’s differentiated design strongly supports its ability to internalize into FR⍺-expressing cells with the potential to release bystander active topoisomerase-1 inhibitor (ZD06519), a novel proprietary payload developed by Zymeworks to kill tumor cells.

About Zymeworks Inc.

Zymeworks is a global biotechnology company managing a portfolio of licensed healthcare assets and developing a diverse pipeline of novel, multifunctional biotherapeutics to improve the standard of care for difficult-to-treat diseases, including cancer, inflammation, and autoimmune disease. Zymeworks’ asset and royalty aggregation strategy focuses on optimizing positive future cash flows from an emerging portfolio of licensed products such as Ziihera® (zanidatamab-hrii) and other licensed products and product candidates, such as pasritamig. In addition, Zymeworks is also building a portfolio of healthcare assets that can generate strong cash flows, while supporting the development of innovative medicines. Zymeworks engineered and developed Ziihera, a HER2-targeted bispecific antibody using the Zymeworks’ proprietary Azymetric™ technology and has entered into separate agreements with BeOne Medicines Ltd. (formerly BeiGene, Ltd.) and Jazz Pharmaceuticals Ireland Limited granting each exclusive rights to develop and commercialize zanidatamab in different territories. Zymeworks is rapidly advancing a robust pipeline of product candidates, leveraging its expertise in both antibody drug conjugates and multispecific antibody therapeutics targeting novel pathways in areas of significant unmet medical need. Zymeworks’ complementary therapeutic platforms and fully integrated drug development engine provide the flexibility and compatibility to precisely engineer and develop highly differentiated antibody-based therapeutics. These capabilities have been further leveraged through strategic partnerships with global biopharmaceutical companies. For information about Zymeworks, visit www.zymeworks.com and follow @ZymeworksInc on X.

Cautionary Note Regarding Forward-Looking Statements

This press release includes “forward-looking statements” or information within the meaning of the applicable securities legislation, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this press release include, but are not limited to, statements that relate to the potential safety profile and therapeutic effects of Zymeworks’ product candidates; Zymeworks’ development of product candidates; status of studies and the related data; anticipated clinical data presentations; Zymeworks’ implementation of its long-term strategy; and other information that is not historical information. When used herein, words such as “plan”, “believe”, “expect”, “may”, “continue”, “anticipate”, “potential”, “will”, “on track”, “progress”, “preserve”, “intend”, “could”, and similar expressions are intended to identify forward-looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking. All forward-looking statements are based upon Zymeworks’ current expectations and various assumptions. Zymeworks believes there is a reasonable basis for its expectations and beliefs, but they are inherently uncertain. Zymeworks may not realize its expectations, and its beliefs may not prove correct. Actual results could differ materially from those described or implied by such forward-looking statements as a result of various factors, including, without limitation: any of Zymeworks’ or its partners’ product candidates may fail in development, may not receive required regulatory approvals, or may be delayed to a point where they are not commercially viable; Zymeworks may not achieve milestones or receive additional payments or royalties under its collaborations; regulatory agencies may impose additional requirements or delay the initiation of clinical trials; the impact of new or changing laws and regulations; market conditions, including the impact of tariffs; potential negative impacts of FDA regulatory delays and uncertainty around recent policy developments, changes in the leadership of federal agencies such as the FDA, staff layoffs, budget cuts to agency programs and research, and changes in drug pricing controls; the impact of global and regional geopolitical or public health developments on Zymeworks’ business, research and clinical development plans and timelines and results of operations, including impact on its clinical trial sites, collaborators, and contractors who act for or on Zymeworks’ behalf; zanidatamab may not be successfully commercialized; Zymeworks’ business strategy related to anticipated and potential future milestones and royalty streams and existing and potential new partnerships may not be successfully implemented; Zymeworks’ evolution of its business strategy may not deliver meaningful shareholder returns; Zymeworks may be unsuccessful in actively managing and/or aggregating revenue generating assets alongside its active R&D operations; ongoing and future clinical trials may not demonstrate safety and efficacy of any of Zymeworks’ or its collaborators’ product candidates; data providing early validation of our antibody drug conjugate platform and next generation pipeline programs may not be replicated in future studies; Zymeworks’ assumptions and estimates regarding its financial condition, future financial performance and estimated cash runway may be incorrect; inability to maintain or enter into new partnerships or strategic collaborations; and the factors described under “Risk Factors” in Zymeworks’ quarterly and annual reports filed with the Securities and Exchange Commission (copies of which may be obtained at www.sec.gov and www.sedarplus.ca).

Although Zymeworks believes that such forward-looking statements are reasonable, there can be no assurance they will prove to be correct. Investors should not place undue reliance on forward-looking statements. The above assumptions, risks and uncertainties are not exhaustive. Forward-looking statements are made as of the date hereof and, except as may be required by law, Zymeworks undertakes no obligation to update, republish, or revise any forward-looking statements to reflect new information, future events or circumstances, or to reflect the occurrences of unanticipated events.

Contacts:

Investor Inquiries:
Shrinal Inamdar
Vice President, Investor Relations
(604) 678-1388
ir@zymeworks.com   

Media Inquiries:
Diana Papove
Vice President, Corporate Communications
(604) 678-1388
media@zymeworks.com

---

1 Köbel, M., Madore, J., Ramus, S. et al., Br J Cancer 111, 2297–2307 (2014).
May B, Conway N, Truong T, Linhart S, et al. FRα, B7-H4, & HER2 Expression in Endometrial Cancer: Assessing the Promise of Antibody Drug Conjugate Therapies. Presented at: SGO 2025 Winter Meeting; January 30 - February 1, 2025; Whistler, British Columbia, Canada.
3 Senol S, Ceyran AB, Aydin A, Zemheri E, Ozkanli S, Kösemetin D, Sehitoglu I, Akalin I. Folate receptor α expression and significance in endometrioid endometrium carcinoma and endometrial hyperplasia. Int J Clin Exp Pathol. 2015 May 1;8(5):5633-41.
4 O'Shannessy DJ, et al., Oncotarget. 2012 Apr; 3(4):414-25.


FAQ

What overall response did Zymeworks report for ZW191 (ZYME) at AACR 2026?

ZW191 showed a confirmed objective response rate up to 61% at 6.4–9.6 mg/kg. According to the company, the study reported a cORR of 56% across all dose levels in platinum resistant ovarian cancer, with tumor regression in 68% and disease control in 94%.

How did ZW191 perform in endometrial cancer patients in the Phase 1 data for ZYME?

ZW191 achieved a confirmed ORR of 40% overall and 57% at 6.4–9.6 mg/kg in endometrial cancer. According to the company, disease control rates were 80% overall and 86% in the higher-dose cohort, with responses regardless of FRα expression.

What safety profile did Zymeworks report for ZW191 in the Phase 1 study (ZYME)?

ZW191 was described as manageable but with notable grade ≥3 events in 55% of patients. According to the company, common grade ≥3 events included neutropenia (24%), anemia (20%), thrombocytopenia (12%), serious TEAEs in 35%, and 20% discontinued due to adverse events.

What are the key efficacy timelines reported for ZW191 (ZYME) in ovarian and endometrial cohorts?

Responses were rapid, with a median time to response of 1.4 months, and median duration of response was not reached. According to the company, median progression-free survival across cohorts was 7.6 months at data cutoff.

What are Zymeworks' next clinical steps for ZW191 following the AACR 2026 data?

Zymeworks plans dose optimization and further development to define a registration dose. According to the company, Part 2a enrollment at 6.4 mg/kg and 9.6 mg/kg is complete and will inform the recommended dose for future registration studies.