AbCellera Biologics' ABCL635 Seen With Best-in-Class Potential in Menopause, UBS Says

12:55 PM EDT, 10/12/2026 (MT Newswires) -- AbCellera Biologics (ABCL) ABCL635 could capture a greater share of a larger menopause market than investors currently anticipate, UBS Securities said. The brokerage said in a Sunday note that the experimental hot flash therapy has best-in-class potential if its phase 2 efficacy and safety profile holds up in larger studies, and that once-monthly dosing and the potential to avoid routine liver monitoring could make it a preferred option and an attractive direct-to-consumer product. The investment firm said oncology-associated hot flashes offer additional value, viewing the indication as relatively de-risked given the shared biology with menopause-related symptoms and Lynkuet's Oasis-4 study. UBS also highlighted ABCL635's phase 2 12-week follow-up data, expected in late 2026 or early 2027, as a key catalyst. UBS initiated coverage of the company with a buy rating and an $18 price target. Price: 12.78, Change: +0.23, Percent Change: +1.83