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 develops generative AI-designed biologic therapeutics as a clinical-stage biopharmaceutical company. News about ABSI centers on its Integrated Drug Creation platform, internal prolactin and prolactin receptor (PRLR) programs, and clinical development of ABS-201, an anti-PRLR antibody being developed for androgenetic alopecia and endometriosis.
Recurring updates cover HEADLINE trial safety, tolerability and pharmacokinetic disclosures, preclinical pipeline additions such as ABS-202, business and operating results, clinical advisory activity, healthcare conference participation, executive leadership changes, and Nasdaq inducement equity grants.
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.