Initiation of Phase I Clinical Trials for ABS-101
Absci began Phase I clinical trials for ABS-101, a potential best-in-class anti-TL1A antibody, with plans to report interim results later in the year.
Progress on ABS-201 Program
ABS-201, an innovative antip-prolactin receptor antibody for androgenetic alopecia, is advancing rapidly towards clinical trials, offering potential breakthrough in hair regrowth therapy.
Strategic Investment by AMD
AMD made a $20 million strategic investment in Absci, supporting the development of Absci's AI-driven drug creation platform.
Successful Capital Raise
Absci raised approximately $64 million in gross proceeds to strengthen the balance sheet, extending cash runway into the first half of 2028.
Expansion with Almirall Partnership
Almirall collaboration advanced to include a second program with potential milestone payments totaling approximately $650 million.