BUZZ-ImmunoPrecise Antibodies jumps on AI-powered diabetes treatment

Reuters
01-23
BUZZ-ImmunoPrecise Antibodies jumps on AI-powered diabetes treatment

** Shares of biotech firm ImmunoPrecise Antibodies IPA.O rise ~42% to 69 cents

** IPA says it has developed a new class of GLP-1 therapies using AI to improve diabetes treatment

** IPA's proprietary tech, called LENSai, uses patterns in biological data to create novel genetic sequences for GLP-1-like constructs

** Co says it is investigating transdermal delivery of these therapies as a non-invasive alternative to injections

** More than 300 mln shares traded, 708x times their 25-day moving avg

** IPA fell ~76% in 2024

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com))

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