Biotech Update: IFRX, ABCL, RLYB Stand Out as Significant Gainers After Hours
InflaRx N.V. Surge: InflaRx N.V. saw a significant after-hours increase of 63.41% to $2.01, driven by the anticipation of topline data from its Phase 2a trial and third-quarter financial results expected on Monday.
Rallybio Corp. Performance: Rallybio Corp. rose 12.84% to $0.71 after reporting a third-quarter net income of $16.0 million, reversing a loss from the previous year, although revenue slightly declined.
FibroBiologics Inc. Growth: FibroBiologics Inc. climbed 13.51% to $0.40 after hours, following a previous corporate update and third-quarter financial results released on October 31.
Cellectis S.A. Recovery: Cellectis S.A. increased by 6.58% to $3.40 after reporting a third-quarter net income of $589 thousand, a significant improvement from a loss in the prior year, with revenues more than doubling.
Discover Tomorrow's Bullish Stocks Today
Analyst Views on ABCL
About ABCL
About the author
AbCellera Biologics Initiates Phase 2 of pPREMIUM Clinical Trial
- Clinical Trial Advancement: AbCellera Biologics has dosed the first patients in the Phase 2 portion of its pPREMIUM clinical trial, marking a significant milestone in the development of antibody therapeutics, which is expected to drive further research and market applications.
- Successful Patient Recruitment: The initiation of this trial indicates positive progress in patient recruitment, laying a solid foundation for subsequent clinical data collection and analysis, thereby enhancing investor confidence.
- Strengthened R&D Strategy: By advancing the pPREMIUM project, AbCellera demonstrates its research capabilities in the biopharmaceutical sector, aiming to enhance its market competitiveness and meet the growing therapeutic demands.
- Optimistic Market Outlook: As the clinical trial progresses, AbCellera is poised to secure more collaboration opportunities and funding support in the future, further propelling the commercialization of its products.
AbCellera resolves patent dispute with Bruker regarding microfluidic technology.
Patent Settlement: Bruker Corp. will pay AbCellera Biologics $36 million plus future royalties as part of a settlement regarding a patent for microfluidic devices used in cell culture and recovery.
Court Ruling: A federal appeals court upheld AbCellera's patent, rejecting Bruker's argument that the patent was prior art.
Market Reaction: Following the news, AbCellera's stock rose approximately 8% in morning trading.
Bruker Developments: Bruker has also received a $25 million order for magnetic resonance systems from prominent European institutions and has been upgraded to Outperform by Wolfe based on its 2026 outlook.
