Company Description
Abpro Holdings, Inc. (Nasdaq: ABP) is a biotechnology company in the healthcare sector focused on developing next-generation antibody therapeutics. According to company disclosures, Abpro’s mission is to improve the lives of people facing severe and life‑threatening diseases with antibody-based medicines. The company is advancing programs in oncology and ophthalmology, with a particular emphasis on solid tumors and retinal diseases. Abpro is headquartered in Massachusetts, with recent disclosures referencing locations in Woburn and Burlington, Massachusetts.
Core focus: next‑generation antibody therapies
Abpro describes itself as a biotechnology company dedicated to advancing next‑generation antibody therapies. Its work centers on engineered antibodies and T‑cell engagers designed to address serious conditions where existing treatments may be limited. The company’s public materials consistently highlight programs for HER2‑positive cancers, non‑HER2‑positive gastric and liver cancers, and eye diseases such as wet age‑related macular degeneration (AMD) and diabetic macular edema (DME).
Lead oncology program: ABP‑102 / CT‑P72
The company’s lead program is ABP‑102 / CT‑P72, described as a multispecific or tetravalent bispecific HER2 × CD3 T‑cell engager. Company and partner announcements state that ABP‑102 / CT‑P72 is engineered to:
- Selectively target HER2‑overexpressing tumor cells while engaging CD3 on cytotoxic T cells.
- Use optimized or dual‑affinity binding to enhance tumor selectivity and reduce activity in HER2‑low normal tissues.
- Aim to mitigate safety risks, including on‑target, off‑tumor effects and cytokine‑related toxicity, that have historically limited T‑cell engagers in solid tumors.
Abpro reports that preclinical data for ABP‑102 / CT‑P72 have shown robust antitumor activity in HER2‑high tumor models, including models representing resistance to existing HER2‑directed therapies. Company releases also note favorable non‑human primate toxicology findings supporting a differentiated safety profile in preclinical testing.
Clinical development and regulatory milestones
Abpro and its global collaboration partner Celltrion, Inc. have announced that the U.S. Food and Drug Administration (FDA) has cleared an Investigational New Drug (IND) application for ABP‑102 / CT‑P72. This IND clearance enables initiation of a Phase 1 clinical trial in patients with HER2‑positive solid tumors, with the study described as evaluating safety, tolerability, pharmacokinetics, and preliminary efficacy. Company statements characterize this as Abpro’s first clinical‑stage solid tumor program and its first clinical‑stage T‑cell engager program in oncology.
Abpro and Celltrion have presented preclinical data for ABP‑102 / CT‑P72 at major scientific meetings, including the American Association for Cancer Research (AACR) Annual Meeting and the Society for Immunotherapy of Cancer (SITC) Annual Meeting. Disclosures highlight selection of a CT‑P72/ABP‑102 abstract among the top submissions at SITC and describe activity in HER2‑high models, including settings resistant to other HER2‑targeted therapies.
Strategic collaboration with Celltrion
Abpro has an exclusive collaboration with Celltrion, described as a leading South Korean biotechnology and biopharmaceutical company, for worldwide development and commercialization of ABP‑102 / CT‑P72. Company communications state that Celltrion funds development expenses for the lead antibody program, while Abpro retains commercial and economic rights. The collaboration is positioned by both parties as a key element in advancing ABP‑102 / CT‑P72 toward and through clinical development.
Antibody discovery platforms: DiversImmune® and MultiMab™
Abpro emphasizes its proprietary antibody discovery and engineering technologies as the foundation for its pipeline. Across its public materials, the company references:
- DiversImmune® platform, used to develop next‑generation antibodies and T‑cell engagers, including ABP‑102 / CT‑P72.
- MultiMab™ platform, described in earlier materials as part of its antibody discovery and engineering capabilities.
These platforms are presented as enabling the rapid creation of bispecific and multispecific antibodies with enhanced selectivity and safety profiles. Abpro states that it advances its pipeline both independently and through collaborations with pharmaceutical and research institutions.
Pipeline beyond ABP‑102
In addition to ABP‑102 / CT‑P72, Abpro has publicly described several other antibody candidates at various stages of development:
- ABP‑201, a TetraBi antibody format designed to simultaneously inhibit VEGF and ANG‑2 for the treatment of wet AMD.
- ABP‑110, targeting GPC3 on hepatocellular carcinoma, in preclinical development.
- ABP‑150, targeting Claudin 18.2 on gastric cancer, in preclinical development.
Company descriptions also refer more broadly to programs for HER2‑positive breast, gastric, colorectal, pancreatic and other cancers; non‑HER2‑positive gastric and liver cancer; wet AMD; DME; and infectious diseases. These disclosures position Abpro as advancing a pipeline of immuno‑oncology agents that redirect T cells to a range of liquid and solid tumors, as well as antibody candidates in ophthalmology and other disease areas.
Corporate structure and listing
Abpro Holdings, Inc. is incorporated in Delaware, as reflected in its registration statements. The company’s common stock and warrants are listed on The Nasdaq Stock Market under the symbols ABP and ABPWW, respectively. SEC filings describe Abpro as an emerging growth company and a smaller reporting company under U.S. securities regulations.
Abpro became a Nasdaq‑listed entity following a business combination with Atlantic Coastal Acquisition Corp. II, a special purpose acquisition company (SPAC). Upon closing of that transaction, the combined company took the name Abpro Holdings, Inc., and its common stock began trading under the ticker ABP. Subsequent filings describe capital structure adjustments, including a one‑for‑thirty reverse stock split approved by stockholders and effected to support compliance with Nasdaq listing requirements.
Regulatory and listing considerations
Abpro’s SEC filings detail interactions with Nasdaq regarding continued listing standards, including minimum bid price, market value of publicly held shares, and market value of listed securities. The company has reported receiving notices of non‑compliance and has described steps such as a reverse stock split and a compliance plan, as well as a granted extension from a Nasdaq Hearings Panel to allow additional time to regain full compliance. These disclosures indicate that while ABP and ABPWW remain listed on Nasdaq, the company’s listing status has been under active review.
Capital access and financing arrangements
Abpro has filed a registration statement on Form S‑1 related to a Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd., under which YA has committed to purchase shares of Abpro common stock at the company’s direction, subject to specified terms and conditions. The S‑1 describes the potential issuance and resale of shares under this arrangement and notes that Abpro may receive proceeds from sales of common stock to YA, while YA may resell those shares to the public. Company communications also reference access to additional equity financing facilities that may be used to fund operations and development milestones.
Position within the biotechnology sector
Within the biotechnology and healthcare sector, Abpro presents itself as a clinical‑stage company focused on antibody therapeutics, particularly T‑cell engagers for solid tumors and multispecific antibodies for oncology and retinal disease. Its disclosures emphasize:
- Use of proprietary antibody engineering platforms.
- A lead HER2 × CD3 T‑cell engager program in solid tumors.
- Collaborations with a global biopharmaceutical partner, Celltrion.
- A broader pipeline spanning oncology, ophthalmology, liver cancer, and other serious conditions.
Investors reviewing ABP stock can use this context, together with the company’s SEC filings and scientific presentations, to understand Abpro’s stated strategy, areas of focus, and development stage.