GlobeNewsWire
24 Jun 2026, 10:35 UTC · 2h ago
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Eli Lilly & Company is participating in a $100 million equity offering for Absci Corporation. — Investment from a major pharmaceutical leader like Eli Lilly serves as a strong institutional validation of Absci's AI drug discovery platform.
+0.60Absci is pricing an underwritten offering of approximately 13.5 million shares at $7.41 per share. — Equity offerings typically cause immediate share price dilution for existing stockholders.
-0.30Net proceeds from the offering will be used to advance the ABS-201 anti-PRLR antibody program for androgenetic alopecia and endometriosis. — Provides clear funding for a specific clinical-stage pipeline, reducing short-term liquidity risk for these programs.
+0.20Which stocks this story touches
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The company successfully priced a $100 million offering to fund the advancement of its AI-designed antibody program.
Eli Lilly is participating as an investor in Absci's capital raise, signaling strategic interest in AI-driven drug discovery.
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