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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) 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.
Rallybio (Nasdaq: RLYB) and AbCellera (Nasdaq: ABCL) have formed a strategic alliance to develop antibody-based therapeutics for rare diseases. This collaboration combines AbCellera's antibody discovery capabilities with Rallybio's expertise in clinical development. The companies aim to co-develop up to five therapeutic targets, enhancing Rallybio's pipeline and addressing unmet needs in rare metabolic diseases. Both CEOs emphasized the potential for transformative medicines through this partnership.
AbCellera (Nasdaq: ABCL) and Rallybio Corporation (Nasdaq: RLYB) have announced a strategic alliance aimed at developing novel antibody-based therapeutics for rare diseases. This multi-year collaboration combines AbCellera's advanced antibody discovery capabilities with Rallybio's expertise in rare disease clinical development. The partnership will focus on co-developing up to five therapeutic targets, starting with rare metabolic diseases, addressing significant unmet medical needs. Both companies aim to accelerate drug development and improve patient outcomes.
AbCellera (Nasdaq: ABCL) presented new data on its T-cell engager (TCE) platform at the SITC 37th Annual Meeting, highlighting a diverse panel of CD3-binding antibodies for potential cancer treatments. The research includes proof-of-concept studies demonstrating T-cell engagers that effectively kill cancer cells while minimizing cytokine release. The company aims to enhance the development of bispecific antibodies, addressing the challenges of T-cell activation and specificity. AbCellera's advancements underscore its rapid antibody discovery capabilities and potential market impact.
AbCellera (Nasdaq: ABCL) reported impressive Q3 2022 financial results, with total revenue of $101.4 million, up from $5.5 million year-over-year. The company achieved net earnings of $26.6 million, or $0.09 per share, reversing a net loss of ($21.4 million) in Q3 2021. Program starts increased by 33% to a cumulative total of 92, and the number of molecules in clinical trials rose to 7. With a strong cash position of $868 million, AbCellera is well-positioned for future growth in antibody discovery.
AbCellera (Nasdaq: ABCL) announced participation in two major investor conferences. The company will present at the Credit Suisse 31st Annual Healthcare Conference on November 9, 2022, at 3:50 p.m. PT, and at the Stifel 2022 Healthcare Conference on November 15, 2022, at 8:30 a.m. PT. Live webcasts will be available on AbCellera's Investor Relations website, with replays following the events. AbCellera is focused on leveraging natural immune systems to discover antibodies for drug development.
AbCellera (NASDAQ: ABCL) announced that Regeneron has advanced a therapeutic antibody candidate discovered in their collaboration into further preclinical development. This partnership, which began in March 2020, utilizes AbCellera's advanced antibody discovery platform alongside Regeneron's VelocImmune® mice technology. The candidate targets a G-protein coupled receptor and marks the first antibody selected for further evaluation in this initiative. AbCellera will receive undisclosed research payments and milestone payments, royalty opportunities on net sales, emphasizing continued growth in its drug development collaborations.
AbCellera (Nasdaq: ABCL) will release its third quarter 2022 financial results on November 8, 2022, followed by an earnings call at 2:00 p.m. PT. The call will be accessible via a live audio webcast on AbCellera’s Investor Relations website. AbCellera specializes in analyzing natural immune systems to discover antibodies for drug development, partnering with a wide array of drug developers to enhance efficiency and tackle complex challenges in the industry.
AbCellera (Nasdaq: ABCL) will present at the Society for Immunotherapy of Cancer's 37th Annual Meeting from November 8 to 12, 2022. The company’s VP of Translational Research, Bo Barnhart, emphasized the potential of T-cell engagers in oncology, highlighting advances in their CD3 panel and T-cell engager program. The presentation titled 'Streamlining T-cell engager development' is scheduled for November 11, showcasing AbCellera's bispecific engineering technology aimed at overcoming challenges in cancer treatment.
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