AbbVie's (ABBV) Celsius Therapeutics Deal to Boost IBD Presence
ABBVAbbVie(ABBV) ZACKS·2024-06-28 21:55

AbbVie (ABBV) announced that it has acquired Celsius Therapeutics, a private biotech making novel therapies for treating inflammatory bowel diseases (“IBD”). The acquisition will add Celsius Therapeutics’ lead pipeline candidate, CEL383, to AbbVie’s pipeline. CEL383 is a potential first-in-class TREM1 inhibitor, which has completed phase I study in IBD conditions. AbbVie will pursue further development of CEL383. TREM1 has been identified as a key gene involved in inflammation pathways associated with IBD. ...