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New Deal


Announced

AbbVie to acquire Cerevel Therapeutics for $8.7bn.

Financials

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Transaction Value£6,894m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Public

Friendly

Single Bidder

United States

neuroscience

Pharmaceuticals

biopharmaceuticals

Acquisition

Domestic

Pending

Majority

Synopsis

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AbbVie, a global biopharmaceutical company, agreed to acquire Cerevel Therapeutics, a biopharmaceutical company focused on developing new therapies, for $8.7bn. "Our existing neuroscience portfolio and our combined pipeline with Cerevel represents a significant growth opportunity well into the next decade. AbbVie will leverage its deep commercial capabilities, international infrastructure, and regulatory and clinical expertise to deliver substantial shareholder value with multibillion-dollar sales potential across Cerevel's portfolio of assets," Richard A. Gonzalez, AbbVie Chairman and CEO.

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