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ZBIO — Zenas BioPharma Inc.

ZBIO (Zenas BioPharma Inc.) stock: $32.76, $2.14B market cap, $643.1M cash, $1.57B EV, $2.63B fully diluted market cap. Next expected readout: Jun-30. Lead program: Orelabrutinib (Multiple Sclerosis (MS) Primary Progressive), Phase 3. Data from Fully Diluted's biotech stocks database.

Share price
$32.76
Market cap
$2,135.2M
Cash
$643.1M
Enterprise value
$1,570.7M

Balance sheet

Cash$643.1M
Debt$78.6M
Net cash$564.5M
Enterprise value$1,570.7M
Basic shares63.3M shares
Fully diluted shares80.4M shares
Fully diluted market cap$2,633.4M
Cash per share$10.16

Cash figures as of 2026-06-30. Database snapshot: 2026-09-22.

Price history

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Upcoming catalysts

ExpectedDrugPhaseIndicationMgmt guide
Now - Sep 22, 2026ObexelimabPhase 3Warm Autoimmune Hemolytic Anemia
Oct 13 - Nov 24ObexelimabPhase 2Systemic Lupus Erythematosus
Jul 13 - Aug 24OrelabrutinibPhase 3Multiple Sclerosis (MS) Primary Progressive
Jul 13 - Aug 24OrelabrutinibPhase 3Secondary Progressive Multiple Sclerosis

Estimated readout windows: registry primary-completion date + 6-12 weeks. Windows already open are shown from "Now". Drug names link to ClinicalTrials.gov.

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