Why Abivax Stock Was on Fire Today

Investors were excited about the possibility of a buyout with a high price tag.France-based biotech Abivax (ABVX +20.69%) landed on many investors' buy lists on Monday, following a media report that a giant American peer was interested in acquiring it. With that considerable tailwind at its back, Abivax's share price zoomed nearly 21% higher across that day's trading session. On the hunt?According to a widely disseminated article in French periodical La Lettre, that interested party is none other than Ameri ...