Point72 Asset Management, L.P. Reduces $171M in ABIVAX Société Anonyme ($ABVX)
Key Points
- Point72 Asset Management, L.P. changed its ABIVAX Société Anonyme ($ABVX) stake by 73.5% last quarter, cutting to 637,736 shares worth $61.57 million.
- Wall Street's consensus rating on $ABVX is Buy and an average price target of $149.09.
- $ABVX last traded around $96.54.
Point72 Asset Management, L.P. reduced its position in ABIVAX Société Anonyme ($ABVX) by 73.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 637,736 shares of ABIVAX Société Anonyme after selling 1,771,418 shares during the quarter. Point72 Asset Management, L.P.'s holdings in ABIVAX Société Anonyme were worth $61.57 million as of its most recent filing.
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About ABIVAX Société Anonyme
ABIVAX Société Anonyme, a clinical-stage biotechnology company, develops therapeutics that harness the body's natural regulatory mechanisms to stabilize the immune response in patients with chronic inflammatory diseases. Its lead drug candidate includes obefazimod, which is in Phase 3 clinical development for the treatment of moderately to severely active UC, as well as Phase 2b clinical trials for Crohn's disease. The company was incorporated in 2013 and is headquartered in Paris, France.
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