10.80
+6.19%
Close of 9 Nov 2026, in USD
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About Absci
From its filings with the US Securities and Exchange Commission
Absci is based in Vancouver, Washington. Its shares trade on Nasdaq under the ticker ABSI. The SEC classifies its business as commercial physical & biological research. In the fiscal year to 31 December 2024, it reported revenue of $4.5m.
We are a clinical-stage biopharmaceutical company using an AI-native approach to develop differentiated antibody therapeutics. Our integrated drug creation platform combines Origin-1, our generative design model, with rapid validation using our lab-in-the-loop. We focus on underexplored mechanisms where unmet medical need is high and competition is low.
We have advanced our first two programs from AI design to IND (or foreign equivalent) in around two years with a total investment of approximately $15 million per program, compared to an industry average of 4–6 years at a cost of greater than $50 million. This combination of underexplored target selection and capital-efficient execution is central to our strategy.
Beyond ABS-201, we are advancing additional preclinical programs using our platform. We may seek partnerships or out-licensing arrangements for select pipeline assets, which would provide non-dilutive capital We believe we are positioned to execute on near-term catalysts while building long-term pipeline value.
Traditional drug discovery and preclinical development can take 4–6 years to go from discovery to clinical development at an aggregate cost of over $100 million per product candidate. Moreover, success rates for traditional drug discovery, as defined by successfully reaching a marketed product, are estimated at less than 5%. In all, it can take as much as 12–15 years, with costs estimated to exceed $1 billion to bring a drug to market.
Quoted from its 10-K, filed 24 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Health Care
- Industry
- Biotechnology
- Listed since
- 22 Jul 2021
- Employees
- 140
- Website
- absci.com ↗
- Head office
- 18105 SE MILL PLAIN BLVD, VANCOUVER, WA, 98683
- Classification
- Services-Commercial Physical & Biological Research
- Filer status
- Non-accelerated filer<br>Smaller reporting company<br>Emerging growth company
Leadership
Pay as last reported
- Mr. Frans Van HoutenIndependent Chairman of the Board$259,253
- Mr. Sean McclainChief Executive Officer, Founder, Director, since 2011$9.8m
- Dr. Zachariah JonassonChief Financial Officer, Chief Business Officer, since 2016$2.8m
- Mr. Andreas BuschChief Innovation Officer, since 2022$2.6m
- Ms. Shelby WalkerChief Legal Officer
- Ms. Mary SzelaDirector
- Ms. Karen McginnisIndependent Director$261,482
- Prof. Dr. Menelas PangalosIndependent Director$470,254
- Mr. Daniel RabinovitsjIndependent Director$236,019
- Dr. Joseph SiroshIndependent Director$211,019
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 47
- Environment
- 46
- Social
- 77
- Governance
- 17
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Absci Corp's Integrated Drug Creation platform enables single-process drug discovery and manufacturing.
- Absci Corp's SoluPro technology overcomes high-throughput automation lab limitations.
- Absci Corp employs 193 full-time employees in the Health Care sector.
Weaknesses
- Absci Corp's headquarters in Vancouver Washington may limit access to major biotech hubs.
- Absci Corp's IPO on 22 July 2021 is relatively recent.
- Absci Corp's focus on AI and synthetic biology requires significant R&D investment.
Opportunities
- Absci Corp can expand its AI-driven drug discovery in the US Health Care market.
- Absci Corp can leverage its SoluPro technology for global biotech partnerships.
- Absci Corp can grow its employee base to 193 in the Biotechnology industry.
Threats
- Absci Corp faces competition from established biotech firms in the US Health Care sector.
- Absci Corp's AI platform may encounter regulatory challenges in drug development.
- Absci Corp's reliance on synthetic biology could lead to technical failures.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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