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AbCellera Biologics Inc. (Nasdaq: ABCL) is a trailblazer in the Canadian biotechnology sector, specializing in the accelerated discovery of monoclonal antibody (mAbs) therapeutics. The company leverages cutting-edge microfluidic technology to address the complexities of identifying and developing effective antibodies from single immune cells. This breakthrough approach enables high-throughput analysis, expediting the process of bringing new therapies to patients who need them the most.
AbCellera's core business revolves around its integrated antibody discovery and development platform, which combines proprietary technologies, expert teams, and data-driven methodologies. This platform empowers AbCellera to identify and optimize clinical candidates with unparalleled speed and precision, offering a competitive edge to its partners. The company's strategic partnerships span emerging biotechs and leading pharmaceutical firms, aimed at tackling the most challenging issues in drug development.
Among its recent achievements, AbCellera presented groundbreaking data on its T-cell engager (TCE) programs at the Society for Immunotherapy of Cancer Annual Meeting. The innovative TCE platform includes novel CD3-binding antibodies engineered to fine-tune T-cell responses, thereby enhancing the efficacy and safety profiles of cancer therapies. AbCellera's research is breaking new ground in immuno-oncology, with promising results in targeting prostate-specific membrane antigen (PSMA) and melanoma-associated antigen 4 (MAGE-A4).
Financially, AbCellera reported $38 million in total revenue for 2023, alongside significant investments in research and development. Despite a net loss that reflects its aggressive growth strategy, the company remains well-positioned with approximately $1 billion in available liquidity. This financial stability supports continued innovation and expansion, particularly in advancing internal programs and strategic partnerships.
AbCellera is committed to overcoming traditional barriers in antibody drug discovery, aiming to deliver better medicines faster. The company's robust pipeline and forward-looking strategies make it a significant player in the biotech industry, poised to make a lasting impact on global healthcare.
AbCellera (Nasdaq: ABCL) is set to announce its first quarter 2023 financial results on May 4, 2023, at 2:00 p.m. PT (5:00 p.m. ET). An earnings conference call will follow, accessible via a live audio webcast available on AbCellera’s Investor Relations website.
AbCellera is redefining antibody drug discovery by integrating expert teams, technology, and data science, accelerating the journey from target identification to clinical application. This innovative approach aims to enhance drug development efficiency for both biotechs and pharmaceutical companies.
AbCellera (Nasdaq: ABCL) has formed a strategic collaboration with RQ Bio to develop therapeutic candidates targeting infectious diseases, including influenza and cytomegalovirus (CMV). This partnership aims to leverage RQ Bio's expertise in viral evolution alongside AbCellera's antibody discovery engine. Under the agreement, RQ Bio will have the rights to develop and commercialize resulting therapeutic antibodies, while AbCellera will receive research payments and potential milestone payments and royalties on net sales. This collaboration is anticipated to advance the development of effective medicines for high-risk patients.
AbCellera (Nasdaq: ABCL) announced two poster presentations at the AACR Annual Meeting 2023, scheduled for April 14-19 in Orlando, Florida. The presentations will cover the complete characterization of their CD3-binding antibody panel, crucial for designing T-cell engagers, and the discovery of antibodies targeting the MAGE-A4 peptide-MHC, a significant cancer treatment target. This showcases AbCellera's capabilities in antibody discovery and development. Key details include:
- Title: Identifying T-cell engagers with optimal potency
- Abstract Number: 1886
- Date: April 17, 9:00 a.m. - 12:30 p.m. ET
AbCellera (Nasdaq: ABCL) will present at the Cowen 43rd Annual Health Care Conference on March 6, 2023, at 7:30 a.m. PT (10:30 a.m. ET). A live audio webcast of the presentation will be available on AbCellera's Investor Relations website, with a replay accessible post-event.
AbCellera specializes in researching and analyzing natural immune systems to discover antibodies for drug development. The company partners with various drug developers to expedite processes and reduce costs in tackling complex drug challenges. More information is available at www.abcellera.com.
AbCellera (Nasdaq: ABCL) reported fiscal year 2022 total revenue of $485 million, up from $375 million in 2021. Net earnings stood at $0.56 per share on a basic basis, consistent with 2021, while diluted earnings rose to $0.50 from $0.48. The company expanded its partnered programs to a cumulative total of 174, initiating 23 new programs in 2022. R&D expenses increased to $107.9 million, reflecting ongoing investments. Key Q4 metrics included a $29.9 million net loss and $21.5 million in revenue. Despite a suspension of U.S. EUA for bebtelovimab, AbCellera aims to enhance its pipeline.
AbCellera (Nasdaq: ABCL) will present at the SVB Securities Global Biopharma Conference on February 15, 2023, at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time). A live audio webcast of the presentation will be available on AbCellera's Investor Relations website, along with a replay after the event.
AbCellera specializes in finding antibodies through the analysis of natural immune systems, partnering with various drug developers to accelerate drug development while minimizing costs. For further details, visit www.abcellera.com.
AbCellera (NASDAQ: ABCL) will disclose its full year 2022 financial results on February 21, 2023, during a conference call at 2:00 p.m. PT (5:00 p.m. ET). A live audio webcast will be available on AbCellera's Investor Relations website, with a replay following the event. AbCellera is a biotechnology firm that focuses on identifying antibodies through the analysis of natural immune systems, aiding drug developers in creating treatments for various diseases. The company's partnerships span large pharmaceutical firms to small biotechs, enhancing efficiency in drug development.
The United States Patent and Trademark Office’s Patent Trial and Appeal Board (PTAB) has ruled in favor of AbCellera (Nasdaq: ABCL), rejecting Berkeley Lights’ challenge to the validity of AbCellera’s U.S. Patent No. 10,087,408.
This patent pertains to microfluidic devices for cell culture and monitoring. Berkeley Lights previously filed multiple petitions with the PTAB, all of which have now been rejected. AbCellera expressed satisfaction with the decision and plans to proceed with its pending patent infringement lawsuit against Berkeley Lights. This outcome reinforces the strength of AbCellera's intellectual property portfolio.
AbCellera (Nasdaq: ABCL) announced its participation in the 41st Annual J.P. Morgan Healthcare Conference on Wednesday, January 11, 2023, at 2:15 p.m. PT (5:15 p.m. ET). Executives from AbCellera will present, with a live audio webcast available on the company's Investor Relations website. A replay will be accessible after the presentation. AbCellera is a technology company focused on analyzing natural immune systems to discover antibodies for drug development, collaborating with pharmaceutical and biotechnology firms to expedite and enhance their drug development processes.
AbCellera (Nasdaq: ABCL) has initiated a strategic collaboration with AbbVie (NYSE: ABBV) targeting the development of therapeutic antibodies. This multi-year partnership aims to leverage AbCellera's innovative antibody discovery capabilities for up to five targets across various indications. AbCellera will receive research payments, clinical milestones, and royalties from product sales, indicating potential significant revenue streams. CEO Carl Hansen emphasized the collaboration's focus on solving complex antibody discovery challenges to address critical health issues.
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