Movement Alert|Abivax S.A. Rises 5.48% in Regular Trading, Bull-Bear Debate Intensifies Amid Phase 3 Trial Safety Controversy

Market Focus06-26 22:30

On June 26, Abivax S.A. rose 5.48% in regular trading, trading at $96.87/share, with turnover of $50.50 million.

On the news front, the stock saw a notable intraday rebound as the bull-bear debate over safety concerns surrounding its core drug obefazimod intensified. The company's Phase 3 ABTECT maintenance trial previously reported multiple cancer cases in the 50mg dose group, triggering a sharp selloff that took shares from approximately $130 to around $70 — a decline of nearly 50%. However, some investors have since argued that the cancer cases are more likely age-related rather than drug-related, and that the trial successfully met its primary endpoint, suggesting the initial market reaction was excessive.

The stock had previously rebounded above $100 before retreating again in recent sessions amid persistent safety-related uncertainty. The current intraday bounce reflects renewed buying interest as bulls reassert the overreaction thesis, though the broader market consensus on the drug's safety profile remains unresolved.

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