Zymeworks Inc. authorized a new $125.0 million share repurchase program, terminating the prior $125.0 million program under which it repurchased 4,197,553 shares for $102.3 million.
Key takeaways
Board authorized 2026 Share Repurchase Program for up to $125.0 million of common stock.
Terminated 2025 Repurchase Program after repurchasing 4,197,553 shares at average $24.36 per share for $102.3 million.
As of May 13, 2026, approximately 73.0 million common shares outstanding.
Existing cash plus $440.0 million anticipated Ziihera milestones expected to fund operations beyond 2028, assuming full repurchase execution.
Repurchases to occur via open market or Rule 10b5-1/10b-18 compliant transactions.