AbCellera, the antibody platform behind two authorized COVID-19 therapies, holds over $650M in liquidity against a roughly $1.6B market cap. The stock trades near $5, down more than 90% from its 2021 high. The author initiated coverage with a Buy rating, calling it an asymmetric, catalyst-driven bet.
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Nuvalent: 'Hold' On GlaxoSmithKline Acquisition For Selective Tyrosine Kinase Inhibitors