This Biotech Soared On Wednesday Following AI-Related Announcement

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, January 22, 2025

A Canadian biotech company turned some heads on Wednesday after the company announced it developed a new class of GLP-1 therapies using its LENS artificial intelligence platform. According to the release, the company said the new therapies were developed through the platform’s “rapid sequence generation process.”

Traders wasted no time buying up shares of ImmunoPrecise Antibodies Ltd. (Nasdaq:IPA), pushing the micro cap up to $0.9244/share (+87.51%) at the early session high. This move could indicate this sctock is breaking out of its multi-month downtrend it has been corralled by since the beginning of 2024.

ImmunoPrecise Antibodies Ltd. is a biotechnology company that leverages multi-omics modeling and complex artificial intelligence through a series proprietary and patented technologies. The Company owns an integrated end-to-end suite of capabilities to support the development of therapeutic antibodies and are known for solving very complex industry challenges. IPA has several subsidiaries in North America and Europe including entities such as Talem Therapeutics LLC, BioStrand BV, ImmunoPrecise Antibodies (Canada) Ltd. and ImmunoPrecise Antibodies (Europe) B.V. (collectively, the "IPA Family").

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