Deerfield Management ZYME Position
Exited5-Fund ConvergenceDeerfield Management exited their position in Zymeworks Inc. (ZYME) in Q4 2024, after holding the stock for 2 quarters.
The position was first reported in Q3 2024 and has been tracked across 2 quarterly 13F filings.
ZYME is a convergence signal: 5 specialist biotech funds hold this stock, suggesting high institutional conviction.
There is an upcoming Phase 3 readout for Futibatinib in 440 days (Jun 30, 2027), making the timing of Deerfield's position particularly relevant.
About Zymeworks Inc.
Zymeworks Inc., a clinical-stage biopharmaceutical company, discovers, develops, and commercializes biotherapeutics for the treatment of cancer. The company's lead product candidates include zanidatamab, a novel bispecific antibody that is in Phase 1 and Phase 2 clinical trials for the treatment of biliary tract, gastroesophageal adenocarcinomas, breast, and colorectal cancer; and ZW49, a biparatopic anti-human epidermal growth factor receptor 2 (HER2) antibody-drug conjugate that is in Phase 1 clinical trial for the treatment of advanced or metastatic HER2-expressing tumors. The company has strategic partnerships with Merck Sharp & Dohme Research Ltd.; Eli Lilly and Company; Bristol-Myers Squibb company; GlaxoSmithKline Intellectual Property Development Ltd.; Daiichi Sankyo Co., Ltd.; Janssen Biotech, Inc.; BeiGene, Ltd.; and Exelixis, Inc. It also has licensing and research collaboration with LEO Pharma A/S to research, develop, and commercialize bispecific antibodies; and Iconic Therapeutics, Inc. Zymeworks Inc. was incorporated in 2003 and is headquartered in Vancouver, Canada.
Full company profile →Short Interest
8.2%
5.4 days to cover
Deerfield Management ZYME Position History
Frequently Asked Questions
Does Deerfield Management own ZYME?
No. Deerfield Management exited their position in Zymeworks Inc. (ZYME) in Q4 2024. They previously held the stock for 2 quarters.
How many hedge funds own ZYME?
5 specialist biotech hedge funds currently hold ZYME, including EcoR1 Capital, BVF Partners, Perceptive Advisors and 2 more. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Deerfield Management first buy ZYME?
Deerfield Management's position in ZYME was first reported in Q3 2024. 13F filings are reported with a 45-day delay, so the actual purchase may have occurred earlier in the quarter.
Is Deerfield Management's ZYME position increasing or decreasing?
Deerfield Management completely exited their ZYME position in the most recent quarter.
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