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    Will AbCellera’s (ABCL) Bruker Patent Settlement and Royalties Shift Its Long-Term Revenue Narrative?

    Simply Wall St·12/20/2025 15:29:24
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    • On December 18, 2025, AbCellera Biologics announced it had resolved its global patent litigation with Bruker Corporation through a settlement and patent license agreement, under which Bruker will pay AbCellera US$36 million upfront plus ongoing royalties on sales of its Beacon Optofluidic platform products for the life of the licensed patents.
    • This deal not only removes legal uncertainty but also adds a new royalty stream that could complement AbCellera’s transition toward downstream, molecule-linked revenues.
    • We’ll now examine how the litigation settlement and new royalty income stream may influence AbCellera’s longer-term investment narrative.

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    AbCellera Biologics Investment Narrative Recap

    To own AbCellera, you need to believe its antibody discovery engine and early clinical programs can eventually convert into meaningful downstream royalties and milestones, despite current losses and limited revenue. The Bruker settlement modestly improves the near term picture by adding US$36 million in cash and a royalty stream, but it does not fully offset the key near term risk of widening net losses and dependence on partner and pipeline progress.

    Among recent updates, the initiation of Phase 1 trials for ABCL635 is most relevant, as both it and the Bruker royalties speak to AbCellera’s shift toward molecule linked and royalty based income. While the Bruker agreement validates aspects of its IP and offers incremental cash, the real test remains whether internally developed assets like ABCL635 can advance successfully enough to justify high R&D spend and the company’s premium sales multiple.

    But investors should also be aware that if revenue from partner programs keeps falling while R&D expenses stay high, then...

    Read the full narrative on AbCellera Biologics (it's free!)

    AbCellera Biologics' narrative projects $123.3 million revenue and $17.5 million earnings by 2028. This requires 55.4% yearly revenue growth and a $183.2 million earnings increase from -$165.7 million today.

    Uncover how AbCellera Biologics' forecasts yield a $9.83 fair value, a 173% upside to its current price.

    Exploring Other Perspectives

    ABCL 1-Year Stock Price Chart
    ABCL 1-Year Stock Price Chart

    Nine members of the Simply Wall St Community currently see AbCellera’s fair value between US$7 and US$17 per share, highlighting very different expectations. Against that backdrop, the new Bruker royalty stream sits beside the bigger question of whether AbCellera’s early stage clinical bets and high R&D spend can eventually support a more sustainable business model.

    Explore 9 other fair value estimates on AbCellera Biologics - why the stock might be worth just $7.00!

    Build Your Own AbCellera Biologics Narrative

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.