Absci Corporation (ABSI)
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ABVC BioPharma: zero revenue, $21M of assets, and a pipeline too wide for its cash balance
ABVC looks like a tiny biotech, a licensing company, a CDMO, and a Taiwan real-asset story in the same filing. The first proof gate is whether cash, controls, and partners can catch up to the size of the pipeline.
OpenAbsci (ABSI): the hair-regrowth data bet hiding inside an AI drug-discovery platform
ABSI is a clinical data story before it is a revenue story: ABS-201 could validate the AI-biologics platform, but Q1 2026 still shows tiny partner revenue, heavy R&D burn, and no product sales.
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