Zenas BioPharma Q2 net loss widens to $111.5 million; CFO Jennifer Fox to step down
Zenas BioPharma reported a second-quarter 2026 net loss of $111.5 million, up from $52.2 million a year earlier, as research and development and acquired in-process research costs rose. The company also said CFO Jennifer Fox will move to a strategic advisor role to the Board Chair on September 30, 2026, and that Christy Oliger was appointed to the board effective September 1, 2026.
Key points
- Q2 2026 revenue was $1.0 million, tied to a development milestone, versus none in Q2 2025.
- R&D expenses rose to $62.9 million from $43.0 million, and acquired in-process R&D expenses were $30.0 million.
- Cash, cash equivalents and investments were $673.9 million as of June 30, 2026.
- Joe Farmer, President and COO, will serve as principal financial and accounting officer until a CFO is appointed.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.