AbCellera biologics director John Montalbano acquires $57,499 in shares

Published 10/03/2025, 22:14
AbCellera biologics director John Montalbano acquires $57,499 in shares

John S. Montalbano, a director at AbCellera Biologics Inc. (NASDAQ:ABCL), recently acquired 25,000 common shares of the company, according to a recent SEC filing. The shares were purchased at $2.30 each, totaling approximately $57,499, near the stock’s 52-week low of $2.20. According to InvestingPro data, the stock’s RSI suggests oversold territory. This transaction increases Montalbano’s direct ownership to 171,000 shares.

Additionally, Montalbano holds an indirect interest of 5,000 shares through his spouse. The acquisition reflects Montalbano’s continued investment in the Vancouver-based biotechnology firm, which specializes in pharmaceutical preparations. AbCellera Biologics, with a market capitalization of $660 million, maintains strong liquidity with a current ratio of 9.81 and holds more cash than debt on its balance sheet. The company is known for its innovative approach in the life sciences sector, particularly in the development of antibody therapeutics. Discover more insights about ABCL with InvestingPro, which offers 12 additional investment tips and comprehensive analysis.

In other recent news, AbCellera Biologics reported a decline in both quarterly and annual revenues for 2024, with fourth-quarter revenues at $5.1 million, falling short of the expected $7.58 million. The company also experienced a net loss of $0.55 per share for the year, a slight increase from the previous year’s loss. Despite these financial challenges, AbCellera has maintained a strong cash position, holding over $650 million in cash and equivalents. The company announced a new partnership with AbbVie (NYSE:ABBV) on a T-cell engager platform, highlighting its strategic shift towards internal program development as it transitions to a clinical-stage biotech. Benchmark analysts have maintained a Hold rating on AbCellera shares, reflecting a cautious outlook despite the company’s ongoing transition and new development partnerships. The fourth quarter also saw the initiation of one new development partnership and the advancement of two partnered molecules into clinical trials. AbCellera’s strategic focus remains on advancing its internal pipeline, with plans to file CTA applications for two lead programs in 2025.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.