On September 17, Abivax S.A. rose 5.06% in regular trading, trading at 107.45 USD/share, with Turnover of $45.61 million. The stock had previously declined over 5% on September 15 amid concerns over an upcoming earnings report projecting a 43% year-over-year revenue decline, but rebounded as institutional optimism and core pipeline milestones reasserted market confidence.
On the news front, Abivax has reaffirmed its plan to submit its first New Drug Application for obefazimod in the treatment of moderately to severely active ulcerative colitis before year-end. Morgan Stanley raised its price target to $180 from $132 while maintaining an Overweight rating, citing experts being unanimously positive on obefazimod's efficacy profile, particularly on endoscopic measures. Additionally, the company recently closed a $920 million ADS offering, generating approximately $874.1 million in net proceeds, which management expects to fund operations into Q4 of 2029, providing a substantial cash runway.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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