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Abivax’s 580% surge hands biotech hedge funds a rare 2025 win (ABVX:NASDAQ)

Scientist taking a sample out of a petri dish using a pipette

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Hedge funds specializing in biotech finally caught a break this summer, courtesy of a little-watched French drug developer, The Wall Street Journal reported on Saturday.

Paris-based Abivax (NASDAQ:ABVX) (OTCPK:AAVXF), which had been valued at roughly $500 million earlier

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