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Absci Corporation.

3.03

-0.0450-1.47%

Volume:1.21M

Turnover:3.67M

Market Cap:385.24M

PE:-3.23

High:3.12

Open:3.10

Low:2.97

Close:3.07

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Overview Company News Filings

BUZZ-Absci Corp rises after Needham initiates coverage with 'buy' rating

Absci Corp Shares up 4% Premarket After Needham Initiates Coverage With Buy Rating

THOMSON REUTERS

Absci initiated with a Buy at Needham

AbSci (ABSI) Gets a Buy from Truist Financial

Absci Corporation (ABSI): AI in Biopharma Discovery

Absci Price Target Maintained With a $7.00/Share by HC Wainwright & Co.

Absci, Owkin announce partnership to bring together AI platforms

Advanced Micro Devices (AMD) Invests in Absci for AI-Driven Drug Discovery with High-Performance Computing Solutions

Absci Partners With Owkin to Develop Immuno-oncology Treatment Candidates

MT Newswires Live

Absci Price Target Maintained With a $7.00/Share by HC Wainwright & Co.

Largest borrow rate increases among liquid names

BRIEF-Absci And Owkin Partner To Advance Generative AI Drug Discovery

Absci and Owkin Synergize Leading Techbio Platforms to Advance Generative AI Drug Discovery

THOMSON REUTERS

Cathie Wood’s ARK Investment buys 609K shares of Absci today

AMD Shares Slide as HSBC Downgrades Stock Over Nvidia Concerns; Absci Collaboration Announced

AMD partnering with drug-discovery company Absci

Absci Corp Shares up 31.9% After Amd Invests $20 Mln in Co

THOMSON REUTERS

US Stocks Open Lower; Nvidia Rises 1.5%; AMD Falls 3%; Absci Soars 32%

Tiger Newspress

Sector Update: Health Care Stocks Rise Premarket Wednesday

MT Newswires Live

Absci Stock Jumps As AMD Invests $20M To Boost AI Drug Discovery

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Devarakon...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/absci-absi-gets-a-buy-from-truist-financial?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/absci-absi-gets-a-buy-from-truist-financial?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4139","ABSI","BK4121","BK4539"],"gpt_icon":0},{"id":"2504165781","title":"Absci Corporation (ABSI): AI in Biopharma Discovery","url":"https://stock-news.laohu8.com/highlight/detail?id=2504165781","media":"Insider Monkey","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2504165781?lang=en_us&edition=fundamental","pubTime":"2025-01-18 02:54","pubTimestamp":1737140083,"startTime":"0","endTime":"0","summary":"We recently published a list of Complete List of All AI Companies Under $2 Billion Market Cap. In this article, we are going to take a look at where Absci  stands against other AI companies under $2 billion market cap.It’s clear that AI holds immense promise but it comes with significant risks. Some of the concerns that the market has include overreliance on a few key players, shifts in demand toward smaller competitors, and the broader impact of AI-driven market trends on earnings and valuations. While AI offers opportunities, managing risks such as customer concentration, economic headwinds, and market volatility will be crucial for its sustainable growth and integration.Absci Corporation  is a generative AI drug creation company that integrates AI with scalable wet lab technologies to develop biologics more efficiently. Its Integrated Drug Creation platform accelerates drug developm","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/absci-corporation-absi-ai-biopharma-185443783.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["LU2054465674.USD","BK4543","LU1880398471.USD","LU2360106780.USD","MNQmain","LU0109392836.USD","BK4141","PSQ","IE00BMPRXN33.USD","LU0127658192.USD","LU0823421416.USD","SQQQ","LU0642271901.SGD","LU0823421333.USD","AMD","BK4139","NVIW.SI","IE00B5949003.HKD","IE0004445239.USD","LU0889565833.HKD","LU1064131342.USD","LU1923623000.USD","USJW.SI","BK4121","LU1951198990.SGD","LU0823434583.USD","USAW.SI","LU1852331112.SGD","LU1989764664.SGD","NQmain","LU1316542783.SGD","BK4585","IE0009356076.USD","BK4532","LU0979878070.USD","BK4566","TQQQ","BK4534","BK4512","QLD","TSYW.SI",".IXIC","QID","ABSI","LU0056508442.USD","LU1880398554.USD","LU0198837287.USD","BK4575","BK4588"],"gpt_icon":1},{"id":"2504150401","title":"Absci Price Target Maintained With a $7.00/Share by HC Wainwright & Co.","url":"https://stock-news.laohu8.com/highlight/detail?id=2504150401","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2504150401?lang=en_us&edition=fundamental","pubTime":"2025-01-17 21:00","pubTimestamp":1737118800,"startTime":"0","endTime":"0","summary":"Ratings actions from Benzinga: https://www.benzinga.com/quote/ABSI/analyst-ratings \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 17, 2025 08:00 ET (13:00 GMT)","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["ABSI"],"gpt_icon":0},{"id":"2502801051","title":"Absci, Owkin announce partnership to bring together AI platforms","url":"https://stock-news.laohu8.com/highlight/detail?id=2502801051","media":"TipRanks","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502801051?lang=en_us&edition=fundamental","pubTime":"2025-01-11 20:40","pubTimestamp":1736599238,"startTime":"0","endTime":"0","summary":"Absci  and Owkin announced a partnership bringing together two leading AI platforms to rapidly discover and design novel therapeutics for patients. Through this strategic partnership, Absci and Owkin will co-develop therapeutic candidates addressing novel targets in immuno-oncology and other indications, such as immunology and inflammation. Owkin’s predictive AI models will optimize target selection and validate therapeutic hypotheses using extensive biomedical datasets and patient-derived organoids. Absci’s generative AI Drug Creation platform, including its de novo antibody design models, will rapidly design therapeutic candidates against these novel targets. Together, the companies will aim to streamline and accelerate the path from research to clinical development.Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Cathie Wood’s ARK Investment buys 609K","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/absci-owkin-announce-partnership-bring-124038625.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/absci-owkin-announce-partnership-bring-124038625.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["IE00BMPRXN33.USD","BK4532","ABSI","BK4121","LU1880398471.USD","LU0889565833.HKD","LU1951198990.SGD","BK4139","BK4512","LU2360106780.USD","LU2250418816.HKD","LU0823434740.USD","LU0198837287.USD","BK4588","BK4573","LU0823434583.USD","LU1989764664.SGD","IE00BMPRXR70.SGD","IE0009356076.USD","LU2054465674.USD","AMD","BK4575","BK4566","LU1803068979.SGD","BK4534","BK4585","LU0719512351.SGD","LU1951200564.SGD","BK4554","LU1988902786.USD","LU0081259029.USD","LU0642271901.SGD","BK4529","LU2458330243.SGD","LU1852331112.SGD","LU0082616367.USD","LU2458330169.SGD","LU0390134368.USD","LU0979878070.USD","LU1303367103.USD","IE00B5949003.HKD","LU1064131342.USD","IE0004445239.USD","LU2098885051.SGD","LU2264538146.SGD","LU1923623000.USD","BK4539","LU0056508442.USD","LU1242518857.USD","GFS"],"gpt_icon":1},{"id":"2502884618","title":"Advanced Micro Devices (AMD) Invests in Absci for AI-Driven Drug Discovery with High-Performance Computing Solutions","url":"https://stock-news.laohu8.com/highlight/detail?id=2502884618","media":"Insider Monkey","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502884618?lang=en_us&edition=fundamental","pubTime":"2025-01-11 06:48","pubTimestamp":1736549325,"startTime":"0","endTime":"0","summary":"We recently published a list of 13 AI News and Ratings You Probably Missed. In this article, we are going to take a look at where Advanced Micro Devices, Inc.  stands against other AI stocks.AI is driving a major transformation in technology as significant investments are being funneled into infrastructure, data centers, and the AI value chain. Companies are rapidly building out AI infrastructure, with an increasing focus on supply chain components beyond just semiconductors, which highlight potential profits in sectors like memory, cooling, and fiber optics.Jon McNeill, co-founder of Vistashares, discussed the impact of AI infrastructure on investment opportunities in an interview with Romaine Bostick and Scarlet Fu of Bloomberg. He explained that while AI’s impact on data centers is often discussed in terms of semiconductors, the actual supply chain involves different elements, such as memory, cooling, and fiber optics. McNeill emphasized the potential for profits in the AI supply ch","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/advanced-micro-devices-amd-invests-224845465.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["LU0642271901.SGD","SQQQ","LU1880398554.USD",".IXIC","LU1989764664.SGD","LU1951200564.SGD","MNQmain","USAW.SI","BK4512","LU1242518857.USD","LU2264538146.SGD","LU2360106780.USD","BK4585","QLD","LU1803068979.SGD","IE0009356076.USD","NVIW.SI","BK4534","TSYW.SI","BK4573","QID","LU0198837287.USD","LU0823434740.USD","LU0823421333.USD","GFS","AMD","LU0823434583.USD","LU1923623000.USD","LU0056508442.USD","NQmain","BK4575","LU2098885051.SGD","LU2458330169.SGD","LU2458330243.SGD","TQQQ","LU0979878070.USD","LU2054465674.USD","BK4554","LU0082616367.USD","USJW.SI","PSQ","ABSI","IE0004445239.USD","LU1303367103.USD","BK4543","LU0127658192.USD","LU0390134368.USD","LU2250418816.HKD","LU1988902786.USD","LU0109392836.USD"],"gpt_icon":1},{"id":"2502896228","title":"Absci Partners With Owkin to Develop Immuno-oncology Treatment Candidates","url":"https://stock-news.laohu8.com/highlight/detail?id=2502896228","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502896228?lang=en_us&edition=fundamental","pubTime":"2025-01-10 23:59","pubTimestamp":1736524782,"startTime":"0","endTime":"0","summary":"Absci (ABSI) and Owkin said Friday that they formed a partnership to develop therapeutic candidates addressing novel targets in immuno-oncology and other indications such as inflammation.The partnersh","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4139","BK4539","ABSI","BK4121"],"gpt_icon":1},{"id":"2502062866","title":"Absci Price Target Maintained With a $7.00/Share by HC Wainwright & Co.","url":"https://stock-news.laohu8.com/highlight/detail?id=2502062866","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502062866?lang=en_us&edition=fundamental","pubTime":"2025-01-10 21:49","pubTimestamp":1736516940,"startTime":"0","endTime":"0","summary":"Ratings actions from Benzinga: https://www.benzinga.com/quote/ABSI/analyst-ratings \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 10, 2025 08:49 ET (13:49 GMT)","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["ABSI"],"gpt_icon":0},{"id":"2502075866","title":"Largest borrow rate increases among liquid names","url":"https://stock-news.laohu8.com/highlight/detail?id=2502075866","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502075866?lang=en_us&edition=fundamental","pubTime":"2025-01-10 21:45","pubTimestamp":1736516725,"startTime":"0","endTime":"0","summary":"Latest data shows the largest indicative borrow rate increases among liquid option names include: Canoo (GOEV) 135.71% +16.11, AbSci Corp (ABSI) 8....","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/largest-borrow-rate-increases-among-liquid-names-508?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/largest-borrow-rate-increases-among-liquid-names-508?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4139","GOEV","BK4539","ABSI","BK4121","BK4099"],"gpt_icon":0},{"id":"2502857460","title":"BRIEF-Absci And Owkin Partner To Advance Generative AI Drug Discovery","url":"https://stock-news.laohu8.com/highlight/detail?id=2502857460","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502857460?lang=en_us&edition=fundamental","pubTime":"2025-01-10 20:32","pubTimestamp":1736512347,"startTime":"0","endTime":"0","summary":"BRIEF-Absci And Owkin Partner To Advance Generative AI Drug DiscoveryJan 10 (Reuters) - Absci Corp ABSI.O:ABSCI AND OWKIN SYNERGIZE LEADING TECHBIO PLATFORMS TO ADVANCE GENERATIVE AI DRUG DISCOVERYSource text: nGNX62Dc5YFurther company coverage: ABSI.O ((Reuters.Briefs@thomsonreuters.com;))","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250110:nFWN3O60SP:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4139","ABSI","BK4539","BK4121"],"gpt_icon":0},{"id":"2502857172","title":"Absci and Owkin Synergize Leading Techbio Platforms to Advance Generative AI Drug Discovery","url":"https://stock-news.laohu8.com/highlight/detail?id=2502857172","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502857172?lang=en_us&edition=fundamental","pubTime":"2025-01-10 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09:05","pubTimestamp":1736384715,"startTime":"0","endTime":"0","summary":"20:02 EST Cathie Wood’s ARK Investment buys 609K shares of Absci (ABSI) today Published first on TheFly – the ultimate source for real-time, market...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/cathie-woods-ark-investment-buys-609k-shares-of-absci-today?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/cathie-woods-ark-investment-buys-609k-shares-of-absci-today?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4539","BK4139","BK4121","ABSI","ARKK","BK4585","BK4588","BK4544"],"gpt_icon":0},{"id":"2502709538","title":"AMD Shares Slide as HSBC Downgrades Stock Over Nvidia Concerns; Absci Collaboration Announced","url":"https://stock-news.laohu8.com/highlight/detail?id=2502709538","media":"GuruFocus.com","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502709538?lang=en_us&edition=fundamental","pubTime":"2025-01-09 02:14","pubTimestamp":1736360098,"startTime":"0","endTime":"0","summary":"Following HSBC downgrading of the semiconductor company's stock, Advanced Micro Devices  shares fell over 5% in early Wednesday trade, citing a less competitive position in the artificial intelligence GPU market compared to Nvidia .GuruFocus has detected 6 Warning Signs with AMD.Citing reduced demand for AMD's MI325 GPU and supply issues with high-bandwidth memory from Samsung, HSBC analyst Frank Lee dropped AMD's recommendation to \"Reduce\" from \"Buy\" and cut the price target to $110 from $200. Lee further said that until its MI400 series release, scheduled in late 2025 or early 2026, AMD may not have a competitive AI rack solution.Separately, AMD revealed a $20 million strategic investment in generative artificial intelligence-focused drug discovery firm Absci . Aiming at boosting the usage of its Instinct AI accelerators and ROCm software in healthcare applications, AMD's first venture into life sciences is the private investment in public equity.Absci acknowledged the cooperation, p","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/amd-shares-slide-hsbc-downgrades-181458861.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["HSBC","GFS","ABSI","NVDA","AMD"],"gpt_icon":1},{"id":"2502771667","title":"AMD partnering with drug-discovery company Absci","url":"https://stock-news.laohu8.com/highlight/detail?id=2502771667","media":"TIPRANKS","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502771667?lang=en_us&edition=fundamental","pubTime":"2025-01-09 00:25","pubTimestamp":1736353541,"startTime":"0","endTime":"0","summary":"AMd (AMD) said via X that it is partnering with drug-discovery company Absci (ABSI). “AMD is proud to announce we are partnering with @abscibio to 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Stocks Open Lower; Nvidia Rises 1.5%; AMD Falls 3%; Absci Soars 32%","url":"https://stock-news.laohu8.com/highlight/detail?id=1131650887","media":"Tiger Newspress","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1131650887?lang=en_us&edition=fundamental","pubTime":"2025-01-08 22:30","pubTimestamp":1736346627,"startTime":"0","endTime":"0","summary":"US Stocks opened lower on Wednesday, as investors digested softer-than-expected jobs data and took stock of a report that said President-elect Donald Trump was mulling a national economic emergency declaration.ADP National Employment Report showed private payrolls rose by 122,000 jobs last month, lower than the 140,000 economists polled by Reuters were expecting.However, a separate Labor Department report showed jobless claims stood at 201,000 in the previous week, lower than estimates of 218,00","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["NVDA","TQQQ",".DJI","ABSI",".SPX","QQQ","SQQQ","AMD",".IXIC","RIOT"],"gpt_icon":1},{"id":"2501778575","title":"Sector Update: Health Care Stocks Rise Premarket Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=2501778575","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2501778575?lang=en_us&edition=fundamental","pubTime":"2025-01-08 22:19","pubTimestamp":1736345977,"startTime":"0","endTime":"0","summary":"Health care stocks rose premarket Wednesday as the iShares Biotechnology ETF  advanced by 0.3% and the Health Care Select Sector SPDR Fund  was up 0.2% recently.Halozyme Therapeutics  shares were over 4% higher after the company raised its 2025 adjusted earnings per share and revenue guidance driven by higher royalty revenue and increased product sales from its Xyosted treatment.Boston Scientific  shares were up more than 3% after the company said it has agreed to acquire the shares of Bolt Medical that it does not already own for $443 million in addition to milestone payments.Absci  shares rallied by over 36% after the company said it has entered into a strategic collaboration with Advanced Micro Devices  to deploy AMD Instinct accelerators and ROCm software to power AI drug discovery workloads, including Absci's advanced de novo antibody design 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Stock Jumps As AMD Invests $20M To Boost AI Drug Discovery","url":"https://stock-news.laohu8.com/highlight/detail?id=2501977314","media":"Benzinga","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2501977314?lang=en_us&edition=fundamental","pubTime":"2025-01-08 22:12","pubTimestamp":1736345535,"startTime":"0","endTime":"0","summary":"AI drug creation company Absci Corporation  shares are trading higher in premarket on Wednesday after the company entered into a strategic collaboration with Advanced Micro Devices Inc  to enhance its AI drug discovery capabilities.The partnership will leverage AMD Instinct accelerators and ROCm software to support Absci’s advanced de novo antibody design models.The deal also includes a $20 million private investment in public equity  by AMD, underscoring the rising demand for AI applications in the pharmaceutical industry.AMD’s support will enable Absci to enhance its proprietary antibody design model, IgDesign1, which is the first in vitro validated inverse folding model for antibody design.Sean McClain, Absci’s Founder and CEO, said, “AMD high-performance compute will enable us to further the development of next-generation antibody therapeutics, and we are excited about the potential that this partnership holds to accelerate the future of drug discovery.”AMD and Nvidia Overtake 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