Baker Bros. Advisors Adds $14M in AbCellera Biologics Inc. ($ABCL)
Key Points
- Baker Bros. Advisors changed its AbCellera Biologics Inc. ($ABCL) stake by 10.0% last quarter, boosting to 30,275,938 shares worth $158.65 million.
- Wall Street's consensus rating on $ABCL is Strong Buy and an average price target of $10.43.
- $ABCL last traded around $5.24.
Baker Bros. Advisors increased its position in AbCellera Biologics Inc. ($ABCL) by 10.0% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,275,938 shares of AbCellera Biologics Inc. after buying 2,750,298 shares during the quarter. Baker Bros. Advisors's holdings in AbCellera Biologics Inc. were worth $158.65 million as of its most recent filing.
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About AbCellera Biologics Inc.
AbCellera Biologics Inc. engages in discovering and developing antibody-based medicines for indications with unmet medical need in the United States. Its lead product is ABCL635, an non-hormonal medicine, which is in Phase 2 clinical trial to treat moderate-to-severe vasomotor symptoms; and ABCL575, a fully human, half-life extended monoclonal antibody, which is in in a Phase 1 clinical trial for treating T-cell-mediated autoimmune conditions, such as atopic dermatitis. The company has a research collaboration and license agreement with Eli Lilly and Company; AbbVie Inc.; and partnership agreement with Viking Global Investors & ArrowMark Partners and Biogen Inc. AbCellera Biologics Inc. was incorporated in 2012 and is headquartered in Vancouver, Canada.
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