LLY - AbCellera Biologics: A Buy At Current Prices
- First, AbCellera is a Life Sciences Tools and Services play, not a biotech or pharmaceutical.
- By enabling pharmaceuticals and biotechs to rapidly develop cures, its platform fills a vital gap between innovative ideas and their fast execution.
- One of these cures targets the coronavirus, with another one to be used against its variants currently in development.
- One of the reasons the market is punishing the stock seems to be poor guidance for the second quarter relative to Q1, but there are ingredients to propel longer-term sales higher.
- Also, given the relatively lower expenses required to generate sales, the company should continue to deliver on the profitability metric.
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AbCellera Biologics: A Buy At Current Prices