BUZZ-ImmunoPrecise Antibodies jumps on AI-powered diabetes treatment
ReutersJan 22, 2025 5:59 PM
** Shares of biotech firm ImmunoPrecise Antibodies IPA.O rise ~42% to 69 cents
** IPA says it has developed a new class of GLP-1 therapies using AI to improve diabetes treatment
** IPA's proprietary tech, called LENSai, uses patterns in biological data to create novel genetic sequences for GLP-1-like constructs
** Co says it is investigating transdermal delivery of these therapies as a non-invasive alternative to injections
** More than 300 mln shares traded, 708x times their 25-day moving avg
** IPA fell ~76% in 2024
(Reporting by Kamal Choudhury in Bengaluru)
((Kamal.Choudhury@thomsonreuters.com))
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