Abivax SA (ABVX)
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Absci (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.
OpenAbivax (ABVX): the ulcerative-colitis readout that has to carry a EUR 530M runway
ABVX is a readout-gated biotech with positive Phase 3 induction data, a much stronger cash position after the 2025 offering, and one big unresolved question: can obefazimod's maintenance data turn runway into a real ulcerative-colitis franchise?
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