Why Abivax Stock Was on Fire Today [Yahoo! Finance]
Abivax SA - American Depositary Shares (ABVX)
Company Research
Source: Yahoo! Finance
10 stocks we like better than Abivax Société Anonyme › France-based biotech Abivax (NASDAQ: ABVX) 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. According to a widely disseminated article in French periodical La Lettre , that interested party is none other than American pharmaceutical king Eli Lilly. According to the article, Eli Lilly representatives met with French Treasury officials to gauge the regulatory requirements for acquiring Abivax. This isn't the first time in recent weeks that speculation has brewed about a potential Eli Lilly purchase of the company. On Dec. 10, Abivax experienced a similar price surge after such rumors surfaced, despite an unnamed Eli Lilly spokesperson telling Reuters that the company refuses to comment on "business development activity."
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News
- Abivax to be Added to Nasdaq Biotechnology IndexGlobeNewswire
- Abivax (NASDAQ:ABVX) had its "buy" rating reaffirmed by analysts at Guggenheim.MarketBeat
- Abivax Announces Acceptance of 22 Abstracts Evaluating Obefazimod in Inflammatory Bowel Disease at ECCO 2026, Featuring an Oral Presentation on Preclinical Anti-Fibrotic FindingsGlobeNewswire
- Abivax (NASDAQ:ABVX) had its "overweight" rating reaffirmed by analysts at Piper Sandler.MarketBeat
- Abivax (NASDAQ:ABVX) had its price target raised by analysts at Citizens Jmp from $114.00 to $131.00. They now have a "market outperform" rating on the stock.MarketBeat