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Neuroscience

AbbVie buys up Cerevel for $8.7 billion

by Laura Howes
December 17, 2023 | A version of this story appeared in Volume 101, Issue 41
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In its second acquisition unveiled in less than a week, AbbVie will buy Cerevel Therapeutics for $8.7 billion. On Nov. 30, AbbVie announced the purchase of ImmunoGen for $10.1 billion (see page 10). Massachusetts-based Cerevel was founded in 2019 as a home for Pfizer’s discontinued neuroscience program and brings with it emraclidine, a late-stage antipsychotic for treating schizophrenia. Cerevel also has several clinical-stage molecules for treating neurological and other psychiatric conditions.

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