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AbbVie to Acquire Apogee Therapeutics for $10.9 Billion and Advance Zumilokibart

AbbVie logoAbbVie
Sig5.12Sen+7.03Env0.00Soc+4.21Gov+1.22
Apogee Therapeutics logoApogee Therapeutics
Sig5.22Sen+7.64Env0.00Soc+2.44Gov+1.56

AbbVie will acquire Apogee for $135.11 per share in cash, valuing the equity deal at about $10.9 billion to broaden its differentiated immunology portfolio. Apogee’s 16-week APEX Phase 2 Part B results in atopic dermatitis met primary and secondary endpoints and guided a mid-dose plan for Phase 3 initiation this year. Apogee also secured up to $1.3 billion in flexible non-dilutive financing to support Phase 3 and possible commercialization.

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