AbbVie to acquire Apogee Therapeutics for $10.9 billion in cash

Corporate ActionEarnings Impact 4
โดย The Motley Fool·Read original
Summary · why it matters

AbbVie announced a planned $10.9 billion acquisition of Apogee Therapeutics, paying $135.11 per share in cash, a 49% premium to Apogee's closing price last week. The deal brings zumilokibart, a promising immunology drug targeting IL-13, into AbbVie's pipeline, positioning it to compete with Regeneron and Sanofi's Dupixent in atopic dermatitis and asthma. AbbVie will fund the acquisition entirely with operating cash flows without adding debt, and the company noted the transaction is not expected to be accretive to adjusted earnings per share until 2032. AbbVie reported first-quarter revenue of $15 billion, up 12% year over year, and raised its full-year adjusted EPS guidance to a range of $14.08 to $14.28. The deal is seen as a strategic move to bolster AbbVie's immunology platform with next-generation, longer-dosing-interval therapies.

Impact on stocks 5

Biotech & Genomic Medicine± Mixed · 4 stocks
AbbVie Inc
ABBV
▲ PositiveCapitalrelevance

AbbVie acquires Apogee for $10.9B, adding promising immunology drug zumilokibart, funded by operating cash flows without debt.

Health Care▼ · 1 stocks
Sanofi SA
SAN
▼ NegativeCompetitionrelevance

AbbVie's zumilokibart will compete with Sanofi's Dupixent in atopic dermatitis and asthma.

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