AbCellera shares rise after positive ABCL635 Phase 2 results, while bullish momentum and analyst price targets point to further upside.

AbCellera's $ABCL surged 38% after ABCL635 cut hot flash frequency 50% over placebo in Phase 2, outperforming Astellas' Veozah and Bayer's Lynkuet.

AbCellera reports positive Phase 2 clinical trial results for ABCL635, a single-dose treatment for menopausal hot flashes.