Abivax S.A. (ABVX) shares plummeted 5.33% during intraday trading on Tuesday.
The decline follows news that the company's CEO has downplayed recent takeover speculation, indicating the firm is not under pressure to sell. Instead, management is focused on strengthening its financial position and is likely to pursue a mix of equity and debt financing after the readout of critical Phase 3 trial data for its lead drug candidate, obefazimod, expected in the late second quarter of 2026. This potential capital raise, aimed at funding operations toward profitability, may have raised concerns among investors about potential dilution of existing shares.
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