AbbVie strikes $10.9 billion deal for Apogee Therapeutics
AbbVie strikes $10.9 billion deal for Apogee Therapeutics
ReutersMon, June 22, 2026 at 11:11 AM UTC
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FILE PHOTO: Test tubes are seen in front of a displayed Abbvie logo in this illustration taken, May 21, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
June 22 (Reuters) - AbbVie said on Monday it would buy biotech Apogee Therapeutics for $10.9 billion in cash, as the U.S. drugmaker builds its next-generation immunology pipeline.
AbbVie has offered $135.11 per Apogee share held, which implies a 49.49% premium to Thursday's close. Shares of Apogee were at $136.3 in premarket trading.
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The deal gives AbbVie access to Apogee's lead drug candidate, zumilokibart, an experimental treatment targeting a range of inflammatory diseases, including moderate-to-severe atopic dermatitis and asthma.
(Reporting by Padmanabhan Ananthan in Bengaluru; Editing by Sriraj Kalluvila)
Source: “AOL Money”
