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Biotech takeover target Abivax sinks over 43% as cancer cases cloud trial data for bowel disease drug

A clinical trial update wiped out billions in the French company's market cap and raised questions over a potential takeover.

1 report1 sourceJun 2, 2026, 4:09 PM
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CNBCJun 2, 2026, 4:09 PM

Biotech takeover target Abivax sinks over 43% as cancer cases cloud trial data for bowel disease drug

A clinical trial update wiped out billions in the French company's market cap and raised questions over a potential takeover.

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