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. (ABCL) is a leader in antibody discovery, combining microfluidics and advanced data science to accelerate therapeutic development. This page consolidates all official announcements and analysis-worthy updates about the company's progress in biopharmaceutical innovation.
Investors and industry observers will find timely updates on clinical milestones, financial performance, and strategic collaborations. Our curated feed includes earnings reports, partnership announcements with pharmaceutical entities, regulatory developments, and technological advancements in ABCL's antibody screening platform.
The resource prioritizes clarity and accessibility, offering both high-level summaries for casual observers and detailed technical updates for research-focused professionals. Content types include quarterly financial disclosures, intellectual property updates, executive leadership changes, and progress reports on therapeutic candidates in development.
Bookmark this page for streamlined tracking of ABCL's contributions to oncology, infectious disease treatment, and autoimmune disorder research. Check regularly for verified updates on how the company's proprietary discovery platform continues reshaping biotherapeutic development timelines.
AbCellera (ABCL) reported Q3 2024 financial results with total revenue of $6.5 million, slightly down from $6.6 million in Q3 2023. The company reported a net loss of $51.1 million, or $(0.17) per share. Key operational highlights include expanding collaboration with Eli Lilly, reaching 95 partner-initiated programs (up 13% YoY), and advancing 14 molecules to the clinic (up 40% YoY). R&D expenses increased to $41.0 million, while maintaining strong liquidity of $875 million including $670.4 million in cash and equivalents, plus $205 million in available non-dilutive government funding.
AbCellera (Nasdaq: ABCL) has announced its participation in two upcoming investor conferences in November 2024. The company's executives will be presenting at:
- The Stifel Healthcare Conference on Monday, November 18, 2024, at 8:30 a.m. Pacific Time (11:30 a.m. Eastern Time)
- The Jefferies London Healthcare Conference on Tuesday, November 19, 2024, at 10:00 a.m. Pacific Time (5:00 p.m. Greenwich Mean Time)
Live audio webcasts of both presentations will be accessible through links posted on AbCellera's Investor Relations website. Replays of the webcasts will also be available through the same links after the presentations conclude.
AbCellera (Nasdaq: ABCL) has announced an upcoming poster presentation on its T-cell engager platform at the SITC 39th Annual Meeting, scheduled for November 6 to 10 at the George R. Brown Convention Center in Houston, Texas. The presentation, titled 'Profiling bispecific T-cell engagers: Strategies for enhancing potency while minimizing cytokine release', is assigned Abstract Number 1291 and will be displayed on Friday, November 8 from 9:00 a.m. to 7:00 p.m. CST. Attendees can view the poster in Exhibit Halls A B of the convention center or access it online at the SITC website.
AbCellera (Nasdaq: ABCL) has announced that it will release its third quarter 2024 financial results on Monday, November 4, 2024. The company will also hold an earnings conference call on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Investors and interested parties can access a live audio webcast of the earnings conference through a link that will be available on AbCellera's Investor Relations website. For those unable to attend the live call, a replay of the webcast will be made available through the same link following the conference call.
AbCellera (ABCL) has announced its participation in two upcoming investor conferences in September 2024. The company will present at the Wells Fargo Healthcare Conference on September 5 at 12:00 p.m. Pacific Time, and the Cantor Global Healthcare Conference on September 17 at 8:30 a.m. Pacific Time.
Investors and interested parties can access live audio webcasts of both presentations through links that will be available on AbCellera's Investor Relations website. Replays of the webcasts will also be accessible through the same links after the presentations conclude.
These conferences provide AbCellera with opportunities to showcase its latest developments and engage with the investment community, potentially impacting its stock performance and market perception.
AbCellera (Nasdaq: ABCL) announced its financial results for Q2 2024.
Revenue decreased to $7.3 million from $10.1 million in Q2 2023, with research fees contributing $5.5 million and milestone payments $1.5 million.
Expenses rose overall, with R&D expenses at $40.9 million (up from $36.5 million), G&A expenses at $20.2 million (up from $15.5 million), and S&M expenses at $3.1 million (down from $3.8 million).
Net Loss increased to $36.9 million, or $(0.13) per share, compared to $30.5 million, or $(0.11) per share, in Q2 2023.
Liquidity remains strong at $697.6 million, with $220 million in available non-dilutive funding, bringing total liquidity to over $900 million.
Key developments include clinical trial applications for ABCL635 and ABCL575 expected in Q2 2025, the initiation of three T-cell engager programs, and an expanded partnership with Lilly.
AbCellera (Nasdaq: ABCL) has expanded its collaboration with Eli Lilly to develop antibody medicines for immunology, cardiovascular disease, and neuroscience programs. This builds on their successful partnership from March 2020, which included eight de novo programs and led to emergency use authorization for two COVID-19 antibody therapies. Under the new agreement, Lilly gains rights to develop and commercialize resulting therapeutic antibodies, while AbCellera receives an upfront payment, research payments, and potential milestone payments and royalties.
AbCellera's CEO, Carl Hansen, expressed excitement about deepening their partnership with Lilly, aiming to increase their impact on patients across multiple therapeutic areas. The expansion demonstrates the success of their initial collaboration and AbCellera's capabilities in antibody discovery and development.
AbCellera (Nasdaq: ABCL) will unveil its second quarter 2024 financial results on August 6, 2024. The company has scheduled an earnings conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) the same day. Interested parties can access the live audio webcast via a link on AbCellera's Investor Relations website, where a replay will also be available post-conference.
AbCellera (Nasdaq: ABCL) announced today that its executives will present at the Goldman Sachs 45th Annual Global Healthcare Conference on June 10, 2024, at 12:20 p.m. PT (3:20 p.m. ET). The presentation will be available via a live audio webcast on AbCellera's Investor Relations website, with a replay accessible afterward.
AbCellera reported Q1 2024 financial results with total revenue of $10.0 million and a net loss of $40.6 million. The company announced new collaborations, presented TCE program data at a cancer research meeting, and initiated partner programs. Key metrics show growth in partner programs and molecules in the clinic. Despite a decrease in revenue, AbCellera maintains strong liquidity of nearly $1 billion.
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