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New Deal


Announced

AbbVie acquires Mavupharma.

Financials

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Transaction Value-
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Capital Bid For100%
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Share Price Premium-
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Tags

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Acquisition

biopharmaceuticals

Friendly

Single Bidder

Private

cancer treatment

United States

Pharmaceuticals

Synopsis

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AbbVie, a leading global, research and development-based biopharmaceutical company acquires Mavupharma, a privately held biopharmaceutical company focused on novel approaches to target the STING (STimulator of INterferon Genes) pathway for the treatment of cancer. Financial terms were not disclosed. "AbbVie has built a leadership position in oncology and their world-class capabilities will enable the accelerated development of our pipeline of STING modulators," Michael Gallatin, Mavupharma Co-Founder.

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