Shares of French biotech company Abivax soared Tuesday after it released fresh data on its lead drug for bowel disease.

Safety concerns tied to Abivax's experimental bowel disease drug tanked company shares just weeks ago. But a new analysis sent them climbing.

Shares of French biotech company Abivax soared Tuesday after it released fresh data on its lead drug for bowel disease.

French biotech company Abivax said new clinical trial data supports the safety and effectiveness of its experimental ulcerative colitis treatment.

Abivax (ABVX) stock skyrockets 36% following strong Phase 3 maintenance data for its ulcerative colitis treatment. Get the latest details.