They key point for $ABCL news today is not just “one good clinical data readout” Abcellera placed a massive, high risk bet on themselves: Instead of just selling big pharma access to their drug discovery platform (a relatively straightforward, lower risk business), they took a massive leap to try and BECOME a pharma company of their own, utilizing their own platform while absorbing the extreme risk of running clinical trials Today’s news is early confirmation that their bet is paying off: • upside from here is clear • downside risk is mitigated dramatically Result = shares are rerated. Those waiting for a meaningful dip: do not get your hopes up. New paradigms usher new price floors.
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