Advanced Biotechnologies

Zymeworks completes $8.1 million financing round

Friday, September 23, 2011

Zymeworks, a privately held biotherapeutics company, has completed a financing round totaling $8.1 million. The financing consists of a follow-on round of institutional investment by CTI Life Sciences Fund, as well as a new investment by Advanced Biotechnologies Venture Fund and investments by several existing private shareholders. Zymeworks will use the proceeds to advance its Azymetric and AlbuCORE platforms, as well as the development of its protein therapeutics pipeline in the areas of cancer, autoimmunity and inflammatory diseases.

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