AbbVie Acquires Mavupharma For Undisclosed Amount

AbbVie ABBV said Monday it acquired Seattle-based biopharmaceutical company Mavupharma for an undisclosed amount.

Mavupharma is focused on approaches to target the STING (STimulator of INterferon Genes) pathway for the treatment of cancer.

"AbbVie's vision in oncology is to advance breakthrough areas of science leading to a strong pipeline of innovative cancer therapies," said Steve Davidsen, AbbVie's vice president of oncology discovery. "Mavupharma's platform has the potential to further our immuno-oncology portfolio and assist in the development of transformative medicines for patients."

AbbVie shares are around $70.28 on Monday. The stock has a 52-week high of $100.23 and a 52-week low of $65.06.

Related Links:

AbbVie To Acquire Allergan In $63B Deal

Callon Petroleum To Acquire Carrizo In All Stock Deal

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: M&ANews
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!