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Absci upgraded to Buy after positive Phase 1 data for ABS-201 in hair loss treatment

Analyst Insights
08 Sep 2026
Seeking Alpha
View Source
Bullish
Absci upgraded to Buy after positive Phase 1 data for ABS-201 in hair loss treatment

Absci Corporation received a Buy upgrade following promising interim Phase 1 results for its ABS-201 drug targeting androgenetic alopecia (hair loss). The drug showed a favorable pharmacokinetic profile allowing infrequent dosing and demonstrated strong safety and tolerability. Key upcoming milestones include 13-week interim proof-of-concept data expected in the second half of 2026 and 26-week topline results in early 2027. Absci is financially strong after raising $93.6 million and plans to expand ABS-201 into endometriosis and develop ABS-202 for inflammatory and infectious diseases.

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Core Scientific director Elizabeth Crain buys 6,000 shares, signaling confidence in the company.

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