AbCellera Appoints Lynn Seely as Independent Director
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
AbCellera (ABCL) announced the appointment of Lynn Seely, M.D., to its Board of Directors as an independent director. Dr. Seely currently serves as president and CEO of Lyell Immunopharma (LYEL).
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Analyst Views on ABCL
Wall Street analysts forecast ABCL stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 7.870
Low
9.00
Averages
9.00
High
9.00
Current: 7.870
Low
9.00
Averages
9.00
High
9.00
About ABCL
AbCellera Biologics Inc. discovers and develops antibody medicines for indications across therapeutic areas, including cancer, metabolic and endocrine conditions, and autoimmune disorders. Its platform integrates technology, data science, infrastructure, and interdisciplinary teams to solve the challenging antibody discovery problems. It is focused on advancing an internal pipeline of programs and collaborating on drug development programs with partners. Its first two internal programs, ABCL635 and ABCL575, are in late-preclinical studies. ABCL635 is an antibody drug candidate for metabolic and endocrine conditions, and ABCL575 is an antibody drug candidate with broad potential in inflammatory conditions and autoimmune diseases and an initial indication in atopic dermatitis. ABCL575 binds OX40L to disrupt OX40/OX40L signaling, a regulator of inflammatory pathways in AD. In addition to ABCL635 and ABCL575, it is advancing a pipeline of more than 20 internal discovery programs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
AbCellera Appoints New Independent Director
- New Board Member: AbCellera has appointed Dr. Lynn Seely as an independent director, bringing extensive drug development experience in endocrinology, oncology, and women's health, which is expected to provide strategic guidance and industry insights to the company.
- Leadership Background: Currently the CEO of Lyell Immunopharma, Seely has successfully commercialized innovative therapies at Myovant Sciences, showcasing her deep background in biopharmaceuticals that will aid AbCellera's strategic execution in antibody drug development.
- Clinical Development Experience: As the Chief Medical Officer at Medivation, Seely led the clinical development of the oncology drug Xtandi, which culminated in its $14 billion acquisition by Pfizer, highlighting her successful track record in drug development and commercialization.
- Future Outlook: Seely expressed her eagerness to serve on AbCellera's Board, supporting the company's mission to advance first-in-class antibody medicines, and as multiple product candidates enter clinical development, AbCellera's growth potential is expected to enhance significantly.
See More
Biotech Stocks Hit 52-Week Highs Amid Speculation and Trials
- Sellas Life Sciences Surge: Sellas Life Sciences' stock soared 17% to a 52-week high of $12.43 as record short interest and acquisition speculation fueled investor optimism, particularly ahead of a key update from its Phase 3 AML trial.
- Moderna's Pipeline Advances: Moderna's stock rose 12% to $69.29 following its Science Day presentation, where it showcased advancements in cancer, autoimmune, and rare disease therapies, emphasizing its strategic use of AI and automation in drug discovery.
- AbCellera's Major Partnership: AbCellera Biologics' stock climbed over 10% to a two-year high of $7.40 due to its research collaboration with Jazz Pharmaceuticals, which includes $56 million in upfront funding, indicating strong market confidence in their T-cell engager antibody programs.
- Investor Sentiment Optimism: The closing highs for Sellas Life Sciences, Moderna, and AbCellera Biologics on Friday reflect robust investor confidence in biotech firms, particularly those with identifiable near-term clinical events and business catalysts.
See More
Sellas Life Sciences Hits 52-Week High Amid Buyout Speculation
- Stock Surge: Sellas Life Sciences' stock reached a 52-week high of $12.43 on Friday, driven by record short interest and rising acquisition speculation, reflecting strong investor confidence in the company.
- Clinical Trial Update: The company is approaching a key update for its acute myeloid leukemia (AML) clinical trial, with 78 patient deaths recorded, just shy of the final analysis, which is eagerly anticipated by investors.
- Moderna's Innovations: Moderna's stock climbed to $69.29 following its Science Day presentation, showcasing advancements in cancer, autoimmune, and rare disease therapies, while emphasizing its use of AI and automation in drug discovery, solidifying its market position.
- AbCellera Partnership: AbCellera Biologics' stock rose to $7.40 due to its research collaboration with Jazz Pharmaceuticals, which includes $56 million in upfront funding, indicating strong market interest in its multispecific T-cell engager antibodies and potential future milestone payments.
See More
Jazz Pharmaceuticals and AbCellera Sign $848M Agreement for Antibody Development
- Significant Agreement Value: Jazz Pharmaceuticals has signed an agreement with AbCellera potentially worth up to $848 million, which includes an upfront payment of $56 million and up to $792 million in milestone payments, reflecting strong confidence in next-generation antibody development.
- Focused R&D Objectives: The deal centers on leveraging AbCellera's antibody discovery engine to develop multispecific antibodies targeting gastrointestinal cancers and other solid tumors, aiming to address current treatment gaps and enhance patient options.
- Commitment to Project Advancement: AbCellera is committed to conducting discovery and early-stage research for two programs and initiating a third program within a year, ensuring continuous progress in R&D and strengthening its market competitiveness.
- Commercialization Rights Option: Jazz Pharmaceuticals holds an option for each research program, which, if exercised along with the payment of an option fee, grants exclusive worldwide commercialization rights, providing a crucial safeguard for future revenue growth.
See More
Jazz Pharmaceuticals Partners with AbCellera for Antibody Development
- Significant Financial Commitment: The collaboration between Jazz Pharmaceuticals and AbCellera includes $56 million in upfront payments and up to $792 million in potential option fees and milestone payments, reflecting strong confidence in antibody development from both parties.
- Exclusive Development Rights: Jazz has secured exclusive rights to develop and commercialize therapeutic antibodies resulting from the collaboration, which not only enhances its competitive position in oncology but also strategically expands its focus on rare diseases.
- Technological Platform Advantage: AbCellera's T-cell engager platform offers a fully integrated capability from discovery to clinical manufacturing for developing multispecific antibodies for difficult-to-treat cancers, which is expected to significantly improve outcomes compared to existing treatment options.
- Expanded R&D Plans: Under the agreement, AbCellera will conduct discovery and early-stage research for two initial programs, with a commitment to start a third program within 12 months, indicating strong potential for long-term collaboration in cancer treatment development.
See More
Jazz Pharmaceuticals Partners with AbCellera for Antibody Development
- Collaboration Agreement Details: Jazz Pharmaceuticals has entered into a collaboration with AbCellera involving $56 million in upfront payments and potential option fees and milestone payments totaling up to $792 million, indicating a significant partnership in antibody development.
- Focused Research Direction: The collaboration aims to develop next-generation T-cell engaging multispecific antibodies targeting various gastrointestinal cancers and other solid tumors, aligning with Jazz's strategic focus on rare diseases and enhancing cancer treatment outcomes.
- Technological Platform Advantage: AbCellera's T-cell engager platform offers comprehensive capabilities from discovery to clinical manufacturing, incorporating novel CD3-binding antibodies and multispecific protein engineering technology, which is expected to significantly improve existing cancer treatment efficacy.
- Future Development Potential: The agreement allows Jazz to opt for multiple research programs, which could yield substantial milestone payments and sales royalties for AbCellera, further solidifying its competitive position in the biopharmaceutical market.
See More
AbCellera Appoints New Independent Director
- New Board Member: AbCellera has appointed Dr. Lynn Seely as an independent director, bringing extensive drug development experience in endocrinology, oncology, and women's health, which is expected to provide strategic guidance and industry insights to the company.
- Leadership Background: Currently the CEO of Lyell Immunopharma, Seely has successfully commercialized innovative therapies at Myovant Sciences, showcasing her deep background in biopharmaceuticals that will aid AbCellera's strategic execution in antibody drug development.
- Clinical Development Experience: As the Chief Medical Officer at Medivation, Seely led the clinical development of the oncology drug Xtandi, which culminated in its $14 billion acquisition by Pfizer, highlighting her successful track record in drug development and commercialization.
- Future Outlook: Seely expressed her eagerness to serve on AbCellera's Board, supporting the company's mission to advance first-in-class antibody medicines, and as multiple product candidates enter clinical development, AbCellera's growth potential is expected to enhance significantly.
See More
Biotech Stocks Hit 52-Week Highs Amid Speculation and Trials
- Sellas Life Sciences Surge: Sellas Life Sciences' stock soared 17% to a 52-week high of $12.43 as record short interest and acquisition speculation fueled investor optimism, particularly ahead of a key update from its Phase 3 AML trial.
- Moderna's Pipeline Advances: Moderna's stock rose 12% to $69.29 following its Science Day presentation, where it showcased advancements in cancer, autoimmune, and rare disease therapies, emphasizing its strategic use of AI and automation in drug discovery.
- AbCellera's Major Partnership: AbCellera Biologics' stock climbed over 10% to a two-year high of $7.40 due to its research collaboration with Jazz Pharmaceuticals, which includes $56 million in upfront funding, indicating strong market confidence in their T-cell engager antibody programs.
- Investor Sentiment Optimism: The closing highs for Sellas Life Sciences, Moderna, and AbCellera Biologics on Friday reflect robust investor confidence in biotech firms, particularly those with identifiable near-term clinical events and business catalysts.
See More
Sellas Life Sciences Hits 52-Week High Amid Buyout Speculation
- Stock Surge: Sellas Life Sciences' stock reached a 52-week high of $12.43 on Friday, driven by record short interest and rising acquisition speculation, reflecting strong investor confidence in the company.
- Clinical Trial Update: The company is approaching a key update for its acute myeloid leukemia (AML) clinical trial, with 78 patient deaths recorded, just shy of the final analysis, which is eagerly anticipated by investors.
- Moderna's Innovations: Moderna's stock climbed to $69.29 following its Science Day presentation, showcasing advancements in cancer, autoimmune, and rare disease therapies, while emphasizing its use of AI and automation in drug discovery, solidifying its market position.
- AbCellera Partnership: AbCellera Biologics' stock rose to $7.40 due to its research collaboration with Jazz Pharmaceuticals, which includes $56 million in upfront funding, indicating strong market interest in its multispecific T-cell engager antibodies and potential future milestone payments.
See More
Jazz Pharmaceuticals and AbCellera Sign $848M Agreement for Antibody Development
- Significant Agreement Value: Jazz Pharmaceuticals has signed an agreement with AbCellera potentially worth up to $848 million, which includes an upfront payment of $56 million and up to $792 million in milestone payments, reflecting strong confidence in next-generation antibody development.
- Focused R&D Objectives: The deal centers on leveraging AbCellera's antibody discovery engine to develop multispecific antibodies targeting gastrointestinal cancers and other solid tumors, aiming to address current treatment gaps and enhance patient options.
- Commitment to Project Advancement: AbCellera is committed to conducting discovery and early-stage research for two programs and initiating a third program within a year, ensuring continuous progress in R&D and strengthening its market competitiveness.
- Commercialization Rights Option: Jazz Pharmaceuticals holds an option for each research program, which, if exercised along with the payment of an option fee, grants exclusive worldwide commercialization rights, providing a crucial safeguard for future revenue growth.
See More
Jazz Pharmaceuticals Partners with AbCellera for Antibody Development
- Significant Financial Commitment: The collaboration between Jazz Pharmaceuticals and AbCellera includes $56 million in upfront payments and up to $792 million in potential option fees and milestone payments, reflecting strong confidence in antibody development from both parties.
- Exclusive Development Rights: Jazz has secured exclusive rights to develop and commercialize therapeutic antibodies resulting from the collaboration, which not only enhances its competitive position in oncology but also strategically expands its focus on rare diseases.
- Technological Platform Advantage: AbCellera's T-cell engager platform offers a fully integrated capability from discovery to clinical manufacturing for developing multispecific antibodies for difficult-to-treat cancers, which is expected to significantly improve outcomes compared to existing treatment options.
- Expanded R&D Plans: Under the agreement, AbCellera will conduct discovery and early-stage research for two initial programs, with a commitment to start a third program within 12 months, indicating strong potential for long-term collaboration in cancer treatment development.
See More
Jazz Pharmaceuticals Partners with AbCellera for Antibody Development
- Collaboration Agreement Details: Jazz Pharmaceuticals has entered into a collaboration with AbCellera involving $56 million in upfront payments and potential option fees and milestone payments totaling up to $792 million, indicating a significant partnership in antibody development.
- Focused Research Direction: The collaboration aims to develop next-generation T-cell engaging multispecific antibodies targeting various gastrointestinal cancers and other solid tumors, aligning with Jazz's strategic focus on rare diseases and enhancing cancer treatment outcomes.
- Technological Platform Advantage: AbCellera's T-cell engager platform offers comprehensive capabilities from discovery to clinical manufacturing, incorporating novel CD3-binding antibodies and multispecific protein engineering technology, which is expected to significantly improve existing cancer treatment efficacy.
- Future Development Potential: The agreement allows Jazz to opt for multiple research programs, which could yield substantial milestone payments and sales royalties for AbCellera, further solidifying its competitive position in the biopharmaceutical market.
See More
