Risk factors

Zenas BioPharma (ZBIO) risk factors

Item 1A of every Zenas BioPharma, Inc. 10-K on file, and what changed from one year to the next.

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  • FY2025 10-K risk factors

    76 risks, 10 new, 11 dropped, 16 reworded since the prior year. Zenas BioPharma faces a going concern doubt after reporting recurring operating losses through December 31, 2025., The company secured up to a $250.0 million term loan agreement with Pharmakon funds in March 2026, which requires significant cash servicing., A securities class action lawsuit was filed in April 2025 against the company, its directors, and IPO underwriters.

    Filed Mar 16, 2026
  • FY2024 10-K risk factors

    77 risks. Zenas BioPharma faces significant risks typical of clinical-stage biotechs without approved products or revenue.

    Filed Mar 11, 2025