A micrograph of ulcerative colitis.Wikimedia Commons
By Elaine Chen
June 1, 2026
Elaine Chen, a national biotech reporter, is the co-author of The Readout, a newsletter about the business, science, and politics of biotech.
Elaine Chen
Abivax said its experimental treatment for ulcerative colitis showed significant efficacy in a closely watched trial, but shares of the company tanked on safety concerns.
A micrograph of ulcerative colitis.Wikimedia Commons
By Elaine Chen
June 1, 2026
Elaine Chen, a national biotech reporter, is the co-author of The Readout, a newsletter about the business, science, and politics of biotech.
Elaine Chen

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Abivax has proclaimed that its maintenance trial in ulcerative colitis delivered 'landmark' results, and the drug's safety…

Jefferies downgraded the French biotech to Hold and cut its price target nearly in half, warning the cancer overhang won't…

A handful of cancer cases reported among treatment recipients overshadowed efficacy results analysts described as…

"The cancer signal complicates matters."

Shares of French biotech Abivax tumbled 32% after it reported fresh data on its lead asset.

Abivax's ulcerative colitis data, Fulcrum's scrapped sickle cell drug, and more biotech news from The Readout