Adam May on $ABVX's blowout data and subsequent stock crash

YAVP #399

Abivax (ABVX) posted maybe the best ulcerative colitis data anyone's seen, then crashed 60% on a cancer signal Adam May argues is statistical noise. We dig into whether $ABVX is now a mispriced takeout: the maintenance efficacy that beat Rinvoq, how the scary "seven cancer cases" collapse to two, the blackbox question, the Crohn's skew, and the part two safety data due within weeks. Then a quick look at Nectar (NKTR), its alopecia areata data, and the Eli Lilly lawsuit. (Note: you can see Adam’s full update on ABVX here; disclosure: long ABVX and NKTR)

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