Zymeworks Completes Theravance Deal, Adds YUPELRI Cash Flow and Raises 2026 Outlook
Zymeworks completed its acquisition of Theravance Biopharma, adding the COPD medicine YUPELRI, a research portfolio, collaboration and royalty economics, Irish tax attributes, and a commercial organization to its business. The company raised its 2026 outlook following the deal's completion.
Why it matters — Zymeworks watchers would care because the deal brings YUPELRI cash flow, a commercial organization, and improved tax attributes, along with an upwardly revised 2026 outlook.