{
Jigar Patel

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abbVie acquires nimble therapeutics for 200 million to enhance autoimmune drug pipeline

AbbVie is set to acquire Nimble Therapeutics, an oral peptide developer spun out from Roche, for $200 million, with potential milestone payments. Nimble, led by former Roche scientist Jigar Patel, is developing three drug candidates targeting autoimmune diseases, including therapies for generalized myasthenia gravis, psoriasis, and inflammatory bowel disease. The acquisition will enhance AbbVie's capabilities in peptide drug development, positioning it to better address the needs of patients with autoimmune conditions.
Chemical & Engineering News
United States Dollar Hoffmann-La Roche AG ABBVIE USA Jigar Patel
Finance & Economy, News Article
01:00 17.12.2024

abbvie acquires nimble therapeutics for 200 million to enhance autoimmune pipeline

AbbVie has acquired Roche spinout Nimble Therapeutics for $200 million, focusing on oral peptide treatments for autoimmune diseases. The deal includes undisclosed interim payments and potential milestone payments for shareholders. Nimble's lead asset is a preclinical IL23R inhibitor for psoriasis, with additional candidates targeting inflammatory bowel disease and other autoimmune conditions.
Fierce Biotech
Hoffmann-La Roche AG ABBVIE Genentech Incyte Corp CHE USA Jigar Patel Show more
Healthcare, News Article
16:38 13.12.2024
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