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OABI
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OmniAb Reports Fourth Quarter and Full Year 2024 Financial Results and Business Highlights

1. OABI reported significant growth in active partners and programs for 2024. 2. Advancements in clinical-stage programs may enhance OABI's market position.

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Why Bullish?

The double-digit growth in partnerships indicates strong demand. Similar growth trajectories in biotech stocks often lead to price increases.

How important is it?

The positive financial performance and growth in partnerships significantly affect investor sentiment and expectations for OABI's future.

Why Long Term?

Sustained growth in active partnerships can lead to stable revenue increases over time, as seen with other successful biotech firms.

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EMERYVILLE, Calif.--(BUSINESS WIRE)--OmniAb, Inc. (NASDAQ: OABI) today reported financial results for the three and 12 months ended December 31, 2024, and provided operating and partner program updates. “2024 was a remarkable year featuring double-digit percentage growth in the number of both active partners and programs. Clinical-stage programs advanced well, and we launched new technologies and enhancements that strengthened our platform and expanded our reach,” said Matt Foehr, Chief Executi.

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