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Wall Street Analysts Think Abivax SA Sponsored ADR (ABVX) Could Surge 427.9%: Read This Before Placing a Bet
ZACKS· 2025-02-11 15:56
Core Viewpoint - Abivax SA (ABVX) shows significant upside potential with a mean price target of $35, indicating a 427.9% increase from the current price of $6.63 [1] Price Targets and Analyst Estimates - The mean estimate consists of seven short-term price targets with a standard deviation of $14.12, suggesting variability in analyst predictions [2] - The lowest estimate of $12 indicates an 81% increase, while the highest estimate suggests a potential surge of 654.2% to $50 [2] - A low standard deviation among price targets indicates strong agreement among analysts regarding the stock's price movement [7] Earnings Estimates and Analyst Sentiment - Analysts have shown growing optimism regarding ABVX's earnings prospects, with a positive trend in earnings estimate revisions correlating with potential stock price increases [9] - Over the last 30 days, one estimate has increased, leading to an 8.3% rise in the Zacks Consensus Estimate for the current year [10] - ABVX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] Caution on Price Targets - While price targets are a common tool for investors, they can often mislead and should not be the sole basis for investment decisions [5][8] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [6]
Here's Why Abivax SA Sponsored ADR (ABVX) is Poised for a Turnaround After Losing -19.81% in 4 Weeks
ZACKS· 2025-01-30 15:35
Core Viewpoint - Abivax SA Sponsored ADR (ABVX) has experienced a significant decline of 19.8% over the past four weeks, but it is now in oversold territory, indicating a potential for a trend reversal as analysts expect better earnings than previously predicted [1]. Group 1: Technical Analysis - The Relative Strength Index (RSI) is a key indicator used to determine if a stock is oversold, with a reading below 30 typically indicating oversold conditions [2]. - ABVX has an RSI reading of 27.71, suggesting that the heavy selling pressure may be exhausting, which could lead to a price rebound [5]. Group 2: Fundamental Analysis - There is strong consensus among sell-side analysts that earnings estimates for ABVX have increased by 3.5% over the last 30 days, indicating a positive trend that often correlates with price appreciation [6]. - ABVX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a turnaround [7].
Abivax Publishes 2025 Financial Calendar
GlobeNewswire News Room· 2025-01-28 07:30
Core Viewpoint - Abivax SA has published its financial communications calendar for 2025, outlining key dates for financial reporting and meetings [2][4]. Financial Reporting Schedule - The 2024 Annual Business and Financial Report will be released on March 24, 2025, after US market closes [3]. - The 2025 Q1 Financial Results are scheduled for June 2, 2025, after US market closes [3]. - The 2025 Half-Year Business and Financial Report will be available on August 11, 2025, after US market closes [4]. - The 2025 Q3 Financial Results will be published on December 15, 2025, after US market closes [4]. - The 2025 Annual General Meeting (AGM) will take place on June 6, 2025, in Paris, France [3]. Company Overview - Abivax is a clinical-stage biotechnology company focused on developing therapies for chronic inflammatory diseases [4]. - The company's lead drug candidate, obefazimod (ABX464), is currently in Phase 3 clinical trials for treating moderately to severely active ulcerative colitis [4].
Abivax Announces Presentation of Seven Abstracts for Obefazimod in Ulcerative Colitis at 2025 European Crohn's and Colitis Organization 20th Annual Congress
GlobeNewswire News Room· 2025-01-23 21:05
Core Insights - Abivax announced the presentation of seven scientific abstracts regarding its lead drug candidate, obefazimod, at the 2025 European Crohn's and Colitis Organization Annual Congress [1][2] - Obefazimod is in clinical development for treating moderately to severely active ulcerative colitis [1][5] Presentation Details - The abstracts will cover various aspects of obefazimod, including efficacy, safety, and quality of life in patients with ulcerative colitis [3][4] - Notable presentations include an oral presentation on dose escalation and multiple poster presentations focusing on treatment impacts and safety profiles [3][4] Company Overview - Abivax is a clinical-stage biotechnology company focused on developing therapies that stabilize the immune response in chronic inflammatory diseases [5] - The company is based in France and the United States, with obefazimod currently in Phase 3 clinical trials for ulcerative colitis [5]
Abivax Achieves Key Milestone in Phase 3 ABTECT Trial Enrollment
Globenewswire· 2025-01-09 16:35
Phase 3 ABTECT Trial Progress - The Phase 3 ABTECT trial evaluating obefazimod for moderately to severely active ulcerative colitis (UC) has enrolled 1,003 participants, representing 82% of the targeted 1,224 participants [2][5][6] - Enrollment completion is expected in Q2 2025, with top-line results for the 8-week induction trial anticipated in Q3 2025 [2][5][6] - The 44-week maintenance data is on track for Q2 2026, and if successful, an NDA submission is planned for H2 2026 [5][6] Company Strategy and Financial Position - The company's cash runway extends beyond the expected top-line results from the ABTECT induction trial and into Q4 2025, without the need for additional financing [4][5] - The company believes 2025 will be a pivotal year, with key data readouts and the advancement of its broader portfolio addressing chronic inflammatory conditions [3] Participant and Safety Data - Blinded baseline characteristics of participants align with the pre-specified target population and are consistent with the Phase 2b UC trial [5][6] - No new safety signals have been observed to date, with oversight from the independent Data Monitoring Committee [6] Company Overview - Abivax is a clinical-stage biotechnology company focused on developing therapeutics for chronic inflammatory diseases, with its lead drug candidate, obefazimod (ABX464), in Phase 3 clinical trials for UC [7]
Abivax Announces a Change to the Composition of its Board of Directors
Globenewswire· 2024-12-23 21:05
Core Viewpoint - Abivax is undergoing a change in its Board of Directors, with Dr. Philippe Pouletty resigning effective December 31, 2024, to focus on his new role as Chairman and acting CEO of another biotechnology company [4]. Group 1: Board Composition Changes - Dr. Philippe Pouletty, a founder and former chairman of Abivax, has resigned from the Board of Directors, which he has been part of since the company's inception in December 2013 [4][5]. - The company will initiate a search for a new board member to strengthen its leadership as it advances its late-stage pipeline in inflammatory bowel disease (IBD) [5]. Group 2: Company Overview - Abivax is a clinical-stage biotechnology company focused on developing therapeutics that modulate the inflammatory response in patients with chronic inflammatory diseases [4][5]. - The lead drug candidate, obefazimod (ABX464), is currently in Phase 3 clinical trials for the treatment of moderately to severely active ulcerative colitis [5]. Group 3: Future Expectations - Truffle Capital, a major shareholder, is expected to continue supporting Abivax through significant upcoming milestones, including the anticipated Phase 3 ABTECT data readout in 2025 [4].
Abivax presents third quarter 2024 key financial information
GlobeNewswire News Room· 2024-11-14 21:01
Core Insights - Abivax SA, a clinical-stage biotechnology company, reported its key financial information for Q3 2024, highlighting its focus on developing therapeutics for chronic inflammatory diseases [1][3] Financial Highlights - As of September 30, 2024, Abivax had cash and cash equivalents of EUR 180.5 million, which is expected to fund operations into Q4 2025 [3] - The total principal debt outstanding was EUR 106.3 million, a decrease from EUR 108.4 million as of June 30, 2024 [3][4] Business Updates - Abivax has made significant progress in its clinical trials, including the Phase 3 trial of its lead drug candidate, obefazimod, for ulcerative colitis [2][5] - The company has provided updates on various operational goals and milestones achieved in recent months, including enrollment milestones and interim efficacy results [2]
Abivax Congratulates Victor Ambros and Gary Ruvkun on Their Nobel Prize for the Discovery of microRNA and its Role in Post-Transcriptional Gene Regulation
GlobeNewswire News Room· 2024-10-07 20:01
Core Insights - Abivax congratulates Victor Ambros and Gary Ruvkun for their Nobel Prize in Physiology or Medicine, recognizing their contributions to the understanding of microRNA and gene regulation [1][2] - The company emphasizes its commitment to innovative therapies utilizing microRNA, particularly through its lead candidate obefazimod, which is in advanced clinical trials for chronic inflammatory diseases [2][3] Company Overview - Abivax is a clinical-stage biotechnology company focused on developing therapeutics that stabilize the immune response in patients with chronic inflammatory diseases [4] - The lead drug candidate, obefazimod (ABX464), is currently in Phase 3 trials for moderately to severely active ulcerative colitis and has shown positive results in Phase 2 trials [3][4] Product Development - Obefazimod is an orally administered small molecule that enhances the expression of microRNA-124 (miR-124), aimed at reducing inflammation in chronic inflammatory conditions [2][3] - The pivotal global Phase 3 clinical trial program (ABTECT Program) for ulcerative colitis began enrolling patients in October 2022, with a Phase 2b trial for Crohn's disease ongoing as of October 2024 [3]
Abivax Announces First Patient Enrolled in ENHANCE-CD, the Phase 2b Trial of Obefazimod in Crohn's Disease
GlobeNewswire News Room· 2024-10-03 20:01
Core Viewpoint - Abivax has enrolled the first patient in its Phase 2b ENHANCE-CD trial for obefazimod, targeting Crohn's disease, marking a significant advancement in treatment options for patients with moderately to severely active conditions [2][3]. Company Overview - Abivax is a clinical-stage biotechnology company focused on developing therapeutics that stabilize the immune response in chronic inflammatory diseases [6]. - The company's lead drug candidate, obefazimod, is currently in Phase 3 trials for ulcerative colitis and has shown positive results in previous studies [5][6]. Trial Design - The ENHANCE-CD trial consists of three phases: a 12-week induction phase, a 40-week maintenance phase, and a 48-week extension phase, aimed at evaluating the efficacy and safety of obefazimod compared to placebo [4]. - The primary objective of the 48-week extension phase is to assess the safety and tolerability of obefazimod in subjects who have previously shown inadequate response to conventional therapies [4]. Drug Information - Obefazimod is an orally administered small molecule that may enhance the expression of microRNA miR-124, with ongoing exploration for combination therapy opportunities in ulcerative colitis [5].
Abivax Reports Positive Interim Efficacy and Safety Analysis of Once-Daily 25mg Obefazimod in Moderate to Severe Ulcerative Colitis Patients After 2-Years of Open-Label Maintenance
GlobeNewswire News Room· 2024-10-03 06:31
Core Insights - Abivax reported positive interim efficacy and safety results for obefazimod in patients with moderate to severe ulcerative colitis after two years of open-label maintenance treatment [1][2][3] - The treatment demonstrated maintenance of clinical remission and a favorable safety profile, with no new safety signals detected [1][3][4] Efficacy Results - At study baseline, 89% of patients were in clinical remission, with 84% and 87% maintaining remission at weeks 48 and 96, respectively [3] - Symptomatic remission was observed in 92% of patients at baseline, with 91% and 92% at weeks 48 and 96, respectively [3] - The study included 130 patients, with 113 evaluated at 48 weeks and 74 at 96 weeks [2][3] Safety Profile - The treatment was well-tolerated, with a patient retention rate of 88% in the first year and 95% in the second year [3] - Only 12% of patients discontinued in the first year and 5% in the second year, indicating strong adherence to the treatment [3] Future Developments - Abivax is advancing obefazimod into a pivotal global Phase 3 clinical trial program, with the first patients enrolled in the U.S. in October 2022 [5] - A Phase 2b clinical trial in Crohn's disease is expected to begin in Q4 2024, along with ongoing exploration of combination therapy opportunities in ulcerative colitis [5] Company Overview - Abivax is a clinical-stage biotechnology company focused on developing therapeutics that stabilize the immune response in chronic inflammatory diseases [6] - The company is based in France and the United States, with obefazimod as its lead investigational drug candidate [6]