Welcome to our dedicated page for Abcellera Biologics news (Ticker: ABCL), a resource for investors and traders seeking the latest updates and insights on Abcellera Biologics stock.
AbCellera Biologics Inc. develops antibody-based medicines as a clinical-stage biotechnology company. Its updates center on antibody discovery and development programs in endocrinology, women’s health, immunology, oncology, and other areas, including work on complex targets such as GPCRs and ion channels.
Recurring news themes include clinical disclosures for ABCL635, an antibody therapeutic targeting NK3R for the non-hormonal treatment of moderate-to-severe vasomotor symptoms associated with menopause. Company announcements also cover financial results, earnings-call materials, investor conference participation, platform and manufacturing updates, and patent licensing or litigation-resolution developments.
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.
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.