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Live Updates  >  Live Update Details

2025-07-31 23:04:01

AbbVie Plans $1 Billion Acquisition of Gilgamesh Pharmaceuticals to Accelerate Post-Humira Transformation: According to sources familiar with the matter, biopharmaceutical giant AbbVie (ABBV) is in advanced negotiations to acquire Gilgamesh Pharmaceuticals for approximately $1 billion. If the deal goes through, it would mark another strategic move by the pharmaceutical company to expand its pipeline following the patent expiration of its star drug, Humira. Data shows that AbbVie has invested over $20 billion in mergers and acquisitions since 2023.

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-2.30

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0.0001

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