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OmniAb, Inc. - OABI STOCK NEWS

Welcome to our dedicated page for OmniAb news (Ticker: OABI), a resource for investors and traders seeking the latest updates and insights on OmniAb stock.

OmniAb, Inc. (Symbol: OABI) is at the forefront of therapeutic antibody discovery technologies. The company offers a cutting-edge platform that provides pharmaceutical industry partners access to diverse antibody repertoires and high-throughput screening technologies. This enables the discovery of next-generation therapeutics, paving the way for rapid development of treatments across a wide range of diseases.

OmniAb's platform is centered around its proprietary transgenic animals, including OmniRat, OmniMouse, and OmniChicken. These genetically modified animals are designed to produce antibodies with human sequences naturally optimized through in vivo affinity maturation, ensuring high-quality and fully human antibodies.

By pushing the frontiers of drug discovery technologies, OmniAb is committed to accelerating the development of new therapeutics. Their Biological Intelligence technology is a significant advancement that meets the increasing demand for innovative and efficacious treatments in the pharmaceutical industry.

With a focus on efficiency and quality, OmniAb's platform supports a wide range of discovery projects and partnerships, making it a valuable resource for pharmaceutical companies aiming to develop the next wave of therapeutic antibodies.

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OmniAb (NASDAQ: OABI) announced its participation in two major investor conferences in November. The company will attend the Stifel 2024 Healthcare Conference at the Lotte New York Palace Hotel on November 18-19, where CFO Kurt Gustafson will conduct one-on-one investor meetings. Additionally, CEO Matt Foehr will participate in the Jefferies London Healthcare Conference at the Waldorf Hilton from November 19-21, engaging in one-on-one and small-group investor meetings.

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OmniAb, Inc. (NASDAQ: OABI) has announced that it will report its financial results for the third quarter of 2024 on Tuesday, November 12, 2024. The company will release the results after the close of U.S. financial markets and will host a conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) on the same day.

Interested parties can access the conference call via phone using the following numbers:

  • U.S.: (800) 549 8228
  • International: (289) 819 1520
  • Conference ID: 94399

Additionally, a live webcast of the call, including slides, will be available. A replay of the webcast will also be accessible after the call.

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OmniAb (NASDAQ: OABI) has announced its participation in two upcoming investor conferences in September. The company will be present at the H.C. Wainwright 26th Annual Global Investment Conference from September 9-11 in New York City, where management will deliver a corporate presentation on September 10th at 2:30 p.m. Eastern Time. Additionally, OmniAb will take part in the Craig-Hallum Bioprocessing Virtual Conference on September 19th, featuring a fireside chat.

At both events, OmniAb's management team will engage in one-on-one meetings with investors, providing opportunities for direct interaction and discussions about the company's progress and future plans. These conferences offer valuable platforms for OmniAb to showcase its developments and connect with the investment community.

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OmniAb, (NASDAQ: OABI), reported financial results for Q2 2024. Revenue was $7.6M, up from $6.9M in Q2 2023. R&D expenses were $13.9M, slightly down from $14.1M in Q2 2023. General and admin expenses decreased to $8M from $8.7M. The net loss was $13.6M, improved from $14.7M last year.

For the first half of 2024, revenue was $11.4M, down from $23.9M in the same period in 2023. The net loss for the period was $32.6M, compared to $20.8M in 2023. As of June 30, OmniAb had cash and equivalents of $57.2M.

OmniAb signed new platform license agreements and expanded partnerships, with 83 active partners and 333 active programs. Significant progress includes Immunovant's advancement of IMVT-1402 and Harbour Biomed's batoclimab resubmission in China.

OmniAb expects 2024 operating expenses to be slightly less than 2023, with cash use similar, excluding a $35M milestone payment. Cash use in 2025 is expected to be lower.

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OmniAb, Inc. (NASDAQ: OABI) has announced that it will release its financial results for the second quarter of 2024 on Thursday, August 8, 2024, after the U.S. financial markets close. The company will also host a conference call and webcast on the same day at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss the results and provide business updates. Interested parties can access the call using the provided U.S. and international phone numbers, with the conference ID 01718. A live webcast and replay of the call, along with accompanying slides, will be available on the company's website.

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OmniAb (NASDAQ: OABI) has published a peer-reviewed paper in the Journal of Immunology detailing the development of engineered chickens that produce heavy chain-only single-domain antibodies (sdAbs). These sdAbs, naturally found in camelids, are highly modular and stable, making them ideal for antibody discovery and therapeutic applications.

The research, led by OmniAb's scientific team, demonstrated that chickens can be genetically modified to produce sdAbs by deleting the light chain variable region. The resulting OmnidAb™ platform produces fully human, stabilized sdAbs, offering new avenues for diagnostics and treatments.

OmniAb's CEO, Matt Foehr, highlighted that the company collaborates with 80 partners globally, including major pharmaceutical companies, startups, and academic institutions.

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OmniAb (NASDAQ: OABI) announced its participation in the Jefferies Global Healthcare Conference from June 4-6, 2024, in New York City. The company’s management will present a corporate overview on June 5 at 8:00 a.m. Eastern time and engage in one-on-one meetings with investors. The presentation will be available live and archived on OmniAb's website.

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OmniAb (Nasdaq: OABI) showcased its high-throughput single B-cell screening platform, xPloration, at the 20th Annual PEGS Boston Summit. This platform leverages AI and machine learning to facilitate bispecific antibody discovery workflows for partners. Key synergies between xPloration, OmniFlic, OmniClic, and OmniDeep were highlighted. A case study demonstrated the rapid discovery of antibody panels targeting NKp46, potentially aiding partners in developing natural killer cell engager bispecific antibodies. xPloration screened millions of cells, identifying thousands of unique antibody sequences with high affinity. This technology aims to enhance partner R&D pipelines and therapeutic solutions.

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OmniAb, Inc. (NASDAQ: OABI) reported financial results for Q1 2024, highlighting a revenue of $3.8 million, research and development expenses of $14.6 million, and a net loss of $19.0 million. The company signed three new license agreements and has 80 active partners with 327 active programs. Financial guidance projects similar expenses in 2024 as in 2023, with sufficient capital to fund operations. Partner highlights include advancements in clinical trials, patent approvals, and promising data on various programs.

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OmniAb, Inc. (NASDAQ: OABI) is set to participate in five investor conferences in May, including the RBC Capital Markets Global Healthcare Conference, H.C. Wainwright BioConnect Investor Conference, Benchmark Virtual Healthcare House Call Investor Conference, Craig-Hallum Institutional Investor Conference, and Leerink Partners Healthcare Crossroads Conference. These events will provide opportunities for management to engage with investors, present fireside chats, participate in one-on-one meetings, and share insights on the company's future prospects.

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FAQ

What is the current stock price of OmniAb (OABI)?

The current stock price of OmniAb (OABI) is $4.52 as of November 8, 2024.

What is the market cap of OmniAb (OABI)?

The market cap of OmniAb (OABI) is approximately 540.1M.

What does OmniAb, Inc. do?

OmniAb, Inc. focuses on therapeutic antibody discovery technologies, providing pharmaceutical industry partners with access to diverse antibody repertoires and high-throughput screening technologies to discover next-generation therapeutics.

What is the core technology of OmniAb?

OmniAb's core technology includes proprietary transgenic animals such as OmniRat, OmniMouse, and OmniChicken, designed to generate high-quality, fully human antibodies optimized through in vivo affinity maturation.

How does OmniAb's technology benefit pharmaceutical companies?

OmniAb's technology enables pharmaceutical companies to efficiently discover and develop new therapeutics with high-quality, fully human antibodies, accelerating the drug discovery process.

What are some of OmniAb's recent achievements?

OmniAb has made significant advancements in its technology platform, continuously improving its transgenic animal models and screening technologies to support the discovery of next-generation therapeutics.

What diseases does OmniAb target with its therapeutic antibodies?

OmniAb's technology platform can be used to discover therapeutic antibodies for a wide range of diseases, providing versatile solutions for various medical conditions.

Who are OmniAb's partners?

OmniAb collaborates with various pharmaceutical companies, providing them with access to their advanced therapeutic antibody discovery technologies.

What makes OmniAb's transgenic animals unique?

OmniAb's transgenic animals, such as OmniRat, OmniMouse, and OmniChicken, are genetically modified to produce antibodies with human sequences, naturally optimized through in vivo affinity maturation, ensuring high-quality and fully human antibodies.

How does OmniAb ensure the quality of its antibodies?

OmniAb uses advanced screening technologies and Biological Intelligence to ensure the antibodies produced are of high quality and fully human, suitable for therapeutic development.

What is the significance of OmniAb's Biological Intelligence technology?

OmniAb's Biological Intelligence technology is significant as it enhances the efficiency and quality of antibody discovery, accelerating the development of next-generation therapeutics.

How can I stay updated on OmniAb's latest news?

You can stay updated on OmniAb's latest news by following their official announcements and updates through stock market websites and financial news platforms.

OmniAb, Inc.

Nasdaq:OABI

OABI Rankings

OABI Stock Data

540.10M
118.16M
5.96%
69.03%
7.06%
Biotechnology
Services-commercial Physical & Biological Research
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