Announced
Financials
Sources
Tags
Public
Friendly
Single Bidder
United States
neuroscience
Pharmaceuticals
biopharmaceuticals
Acquisition
Domestic
Pending
Majority
Synopsis
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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