Abivax Announces Annual General Meeting Details as Company Advances Toward Key 2025 Value-Driving Milestones
22 Avril 2025 - 10:05PM
Abivax Announces Annual General Meeting
Details as Company Advances Toward Key 2025 Value-Driving
Milestones
- Annual General
Meeting scheduled for Friday, June 6, 2025, in Paris, France
- Phase 3 ABTECT
induction trials remain on track: enrollment completion expected in
Q2 2025, with top-line induction results expected in Q3 2025
PARIS, France – April 22, 2025 – 10:05
PM CEST – Abivax SA (Euronext Paris: FR0012333284 – ABVX /
Nasdaq: ABVX) (“Abivax” or the “Company”), a clinical-stage
biotechnology company focused on developing therapeutics that
harness the body’s natural regulatory mechanisms to stabilize the
immune response in patients with chronic inflammatory diseases,
today announced that the upcoming Annual General Meeting will be
held on June 6, 2025, in Paris, France.
Additional information and preparatory documents
for this Annual General Meeting will be made available in the
coming weeks in accordance with applicable legal and regulatory
requirements.
This announcement comes as Abivax continues to
execute against critical 2025 operational milestones, including the
ongoing Phase 3 ABTECT clinical program. The Company confirmed that
it remains on track to complete induction trials enrollment in the
second quarter of 2025, with top-line induction data expected in
the third quarter of 2025.
Marc de Garidel, Chief Executive Officer
of Abivax, commented: "With major clinical readouts
approaching, we believe 2025 has the potential to be a
transformative year for Abivax. To demonstrate our confidence in
the Company’s long-term value creation, the executive leadership
team, including myself, made the decision to invest in
approximately 120,000 Abivax ordinary shares in Q1 2025. This
reinforces our alignment with shareholders as we advance toward
potential commercialization."
About Abivax Abivax is a
clinical-stage biotechnology company focused on developing
therapeutics that harness the body’s natural regulatory mechanisms
to stabilize the immune response in patients with chronic
inflammatory diseases. Based in France and the United States,
Abivax’s lead drug candidate, obefazimod (ABX464), is in Phase 3
clinical trials for the treatment of moderately to severely active
ulcerative colitis. More information on the Company is available
at www.abivax.com. Follow Abivax on LinkedIn and on X,
formerly Twitter, @Abivax.
Contact:Patrick MalloySVP,
Investor RelationsAbivax SA+1 847 987 4878
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking
statements, forecasts and estimates, including those relating to
the Company’s business objectives. Words such as “anticipate,”
“continue,” “expect,” “potential” and variations of such words and
similar expressions are intended to identify forward-looking
statements. These forward-looking statements include statements
concerning or implying the therapeutic potential of Abivax's drug
candidates, Abivax’s expectations regarding the availability of
data and timing of reporting results from its clinical trials,
including its Phase 3 ABTECT-1 and ABTECT-2 induction trials and
Phase 3 ABTECT maintenance trial, and other statements that are not
historical fact. Although Abivax’s management believes that the
expectations reflected in such forward-looking statements are
reasonable, investors are cautioned that forward-looking
information and statements are subject to various risks,
contingencies and uncertainties, many of which are difficult to
predict and generally beyond the control of Abivax, that could
cause actual results and developments to differ materially from
those expressed in, or implied or projected by, the forward-looking
information and statements. A description of these risks,
contingencies and uncertainties can be found in the documents filed
by the Company with the French Autorité des Marchés Financiers
pursuant to its legal obligations including its universal
registration document (Document d’Enregistrement Universel) and in
its Annual Report on Form 20-F filed with the U.S. Securities and
Exchange Commission on March 24, 2025 under the caption “Risk
Factors.” These risks, contingencies and uncertainties include,
among other things, the uncertainties inherent in research and
development, future clinical data and analysis, decisions by
regulatory authorities, such as the FDA or the EMA, regarding
whether and when to approve any drug candidate, as well as their
decisions regarding labelling and other matters that could affect
the availability or commercial potential of such product
candidates, and the availability of funding sufficient for the
Company’s foreseeable and unforeseeable operating expenses and
capital expenditure requirements. Special consideration should be
given to the potential hurdles of clinical and pharmaceutical
development, including further assessment by the Company and
regulatory agencies and IRBs/ethics committees following the
assessment of preclinical, pharmacokinetic, carcinogenicity,
toxicity, CMC and clinical data. Furthermore, these forward-looking
statements, forecasts and estimates are made only as of the date of
this press release. Readers are cautioned not to place undue
reliance on these forward-looking statements. Abivax disclaims any
obligation to update these forward-looking statements, forecasts or
estimates to reflect any subsequent changes that the Company
becomes aware of, except as required by law. Information about
pharmaceutical products (including products currently in
development) that is included in this press release is not intended
to constitute an advertisement. This press release is for
information purposes only, and the information contained herein
does not constitute either an offer to sell or the solicitation of
an offer to purchase or subscribe for, securities of the Company in
any jurisdiction. Similarly, it does not give and should not be
treated as giving investment advice. It has no connection with the
investment objectives, financial situation or specific needs of any
recipient. It should not be regarded by recipients as a substitute
for exercise of their own judgment. All opinions expressed herein
are subject to change without notice. The distribution of this
document may be restricted by law in certain jurisdictions. Persons
into whose possession this document comes are required to inform
themselves about and to observe any such restrictions.
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