Zymeworks rises after naming new CFO

Royalty Pharma

01/04/2026 18:15

Updates

** Shares of biotech firm Zymeworks ZYME.O rise 3% to $25.70 in afternoon trading

** Co says it appointed Kristin Stafford as chief financial officer, effective immediately

** Adds that Stafford joins from Royalty Pharma RPRX.O, where she was senior vice president and chief accounting officer

** She has also held finance leadership roles at BioPharma Credit and worked at Ernst & Young on capital markets deals for life sciences firms - ZYME

** ZYME CEO Kenneth Galbraith says Stafford’s experience will support disciplined capital allocation and long-term value creation

** Including session's move, stock down ~5% YTD

 (Reporting by Sahil Pandey in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))