Two Sigma Advisers Reduces $26M in AbCellera Biologics Inc. ($ABCL)
Key Points
- Two Sigma Advisers changed its AbCellera Biologics Inc. ($ABCL) stake by 100.0% last quarter, cutting to 0 shares.
- Wall Street's consensus rating on $ABCL is Strong Buy and an average price target of $10.43.
- $ABCL last traded around $5.24.
Two Sigma Advisers reduced its position in AbCellera Biologics Inc. ($ABCL), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of AbCellera Biologics Inc. after selling 4,878,000 shares during the quarter.
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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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