Welcome to our dedicated page for Absci news (Ticker: ABSI), a resource for investors and traders seeking the latest updates and insights on Absci stock.
Absci Corporation (Nasdaq: ABSI) is a clinical-stage biopharmaceutical and biotechnology company that frequently issues news related to its generative AI-driven drug discovery platform and internal pipeline of biologic therapeutics. News coverage for Absci often centers on developments in its lead AI-designed antibody programs, platform collaborations, and corporate updates that are relevant to investors and the broader life sciences community.
A major focus of recent Absci news is ABS-201™, an anti-prolactin receptor (PRLR) antibody being developed for androgenetic alopecia and investigated for endometriosis. Press releases have described preclinical human ex vivo data on hair growth, the design and initiation of the Phase 1/2a HEADLINE trial in androgenetic alopecia, and plans for Phase 2 development in endometriosis. Updates also highlight scientific advisory board appointments, key opinion leader seminars, and partnerships aimed at elevating patient perspectives in hair loss research.
Investors following ABSI news can also expect announcements on pipeline progress for programs such as ABS-101, ABS-301, and ABS-501, as well as drug creation partnerships with pharmaceutical, biotech, technology, and academic organizations. Absci has reported collaborations with cloud and hardware providers to support its AI Drug Creation platform, along with participation in healthcare and biotech investor conferences and major industry events.
This news feed aggregates Absci’s press releases and third-party coverage, including items on clinical trial milestones, scientific data presentations, financing and capital markets activity, and corporate governance changes. Readers interested in ABSI can use this page to monitor how Absci’s AI-enabled platform, internal therapeutic programs, and partnerships evolve over time and to track key events that may shape the company’s scientific and business trajectory.
Absci Corporation (Nasdaq: ABSI), a leader in drug and target discovery utilizing deep learning AI and synthetic biology, announced its participation in two upcoming virtual investor conferences. The Credit Suisse 30th Annual Healthcare Conference will feature a fireside chat on November 9 at 10:00 a.m. PT, while the Stifel 2021 Virtual Healthcare Conference will host a fireside chat on November 16 at 1:40 p.m. PT. Interested parties can access webcasts of the presentations on the company's website.
Absci Corporation (Nasdaq: ABSI) has announced the opening of a new campus in Vancouver, Washington, expanding its operational capacity to accelerate the discovery and development of biologic drugs. The facility spans over 85,000 square feet, designed to enhance laboratory and office space for improved productivity. The new campus will triple the company's capacity for program execution and integrate advanced technologies for drug discovery. Washington Governor Jay Inslee praised Absci for its positive community impact and commitment to innovation in biotechnology.
Absci Corporation (Nasdaq: ABSI) announced it will release its Q3 2021 financial results on November 9, 2021. The company will host a webcast conference call at 5:30 AM PT / 8:30 AM ET to discuss the results. Absci focuses on drug discovery through deep learning AI and synthetic biology to enhance protein therapeutics. Their Integrated Drug Creation™ Platform allows identification of new drug targets and optimal biotherapeutic candidates efficiently. The webcast will be available on their website and archived for later access.
Absci Corporation has formed a strategic collaboration with EQRx to enhance its portfolio of affordable medicines. This partnership will leverage Absci's Drug Creation™ technology alongside EQRx's clinical development capabilities to engineer multiple protein-based therapeutics targeting oncology and immunology. Absci may invest further at various development stages for a larger share of product sales. The collaboration aims to accelerate the discovery and production of innovative treatments, thus making a significant impact on patient care.
EQRx and Absci Corporation (ABSI) have entered a discovery collaboration to develop affordable, innovative therapeutics utilizing Absci's Drug Creation™ technology. This partnership aims to produce several clinical candidates, particularly in oncology and immunology. The collaboration is designed to enhance EQRx's portfolio with cost-effective treatment options while Absci may invest further at various development stages for a larger share of sales. This aligns with EQRx's mission to provide new medicines at lower prices.
Absci Corporation (Nasdaq: ABSI) announced its participation in the BofA Securities 2021 Tech Solutions for Drug Discovery Conference. The virtual presentation is scheduled for September 20 at 2:00 p.m. PT / 5:00 p.m. ET. Attendees can access the live and archived webcast on Absci's website.
Absci utilizes deep learning and synthetic biology to enhance protein therapeutic potential through its Integrated Drug Creation™ Platform, aimed at discovering drug targets and optimal biotherapeutics efficiently.
Absci Corporation (Nasdaq: ABSI) reported its financial results for Q2 2021, showing a revenue of $0.7 million, up from $0.6 million in Q2 2020. The company recorded a significant net loss of $41.2 million, driven by increased R&D expenses of $11.0 million and SG&A expenses of $5.2 million. Key highlights include the acquisition of Totient, the completion of an IPO raising approximately $210 million, and the expansion of its workforce by over 100 employees. Absci also signed key agreements with PhaseBio and Alpha Cancer Technologies to advance its Integrated Drug Creation™ Platform.
Absci Corporation announced the closing of its initial public offering (IPO) on July 26, 2021, raising $230 million by selling 14,375,000 shares of common stock at $16.00 per share. The offering included full exercise of the underwriters' option for an additional 1,875,000 shares. Absci's stock began trading on the Nasdaq Global Select Market under the ticker symbol ABSI on July 22, 2021. Leading underwriters included J.P. Morgan, Credit Suisse, and BofA Securities.
Absci Corporation has announced the pricing of its initial public offering (IPO) of 12,500,000 shares at a price of $16.00 per share. The offering is expected to generate gross proceeds of $200.0 million, not including underwriters' options. Trading on the Nasdaq under the ticker symbol ABSI begins on July 22, 2021, with the offering closing anticipated on July 26, 2021, pending customary conditions. Notable managers for this IPO include J.P. Morgan, Credit Suisse, and others.
Absci Corporation has filed a registration statement on Form S-1 with the SEC for a proposed initial public offering (IPO) of its common stock. The number of shares and price range are yet to be determined. Absci aims to list its stock on The Nasdaq Global Market under the symbol ABSI. Joint book running managers for the offering include J.P. Morgan, Credit Suisse, BofA Securities, Cowen, and Stifel. This filing does not constitute an offer to sell securities prior to registration.