Apogee Therapeutics, Inc. Common StockApogee is being acquired by AbbVie, a positive financial event for Apogee shareholders.
H.C. Wainwright has reaffirmed its Buy rating on Oruka Therapeutics with a price target of $120. The update follows AbbVie's announcement that it has entered into a definitive agreement to acquire Apogee Therapeutics and its pipeline of clinical-stage candidates for inflammatory and immunological diseases. H.C. Wainwright noted that both Apogee and Oruka were created by privately-held Paragon Therapeutics and share a focus on developing treatments for inflammatory skin conditions.
Apogee Therapeutics, Inc. Common StockApogee is being acquired by AbbVie, a positive financial event for Apogee shareholders.
Oruka Therapeutics, Inc.H.C. Wainwright reaffirms Buy rating and $120 PT on Oruka, citing the Apogee acquisition as validating the platform.
AbbVie IncAbbVie's acquisition of Apogee is a strategic M&A move, but AbbVie is not the main subject.