M&A
confidence high
sentiment positive
materiality 0.85
AbbVie to acquire Apogee Therapeutics for $135.11/share, ~$10.9B equity value
Apogee Therapeutics, Inc.
- AbbVie to acquire all outstanding shares of Apogee for $135.11 per share in cash, total equity value ~$10.9 billion.
- Acquisition expected to close in Q3 2026, subject to Apogee shareholder approval and regulatory clearances.
- Apogee's lead asset zumilokibart (APG777) targets IL-13 for atopic dermatitis; APG273 targets IL-13/TSLP for asthma.
- Voting agreement with certain stockholders to support merger; termination fee of $381.3M payable under specified conditions.
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