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AbbVie makes second bet in a week

Posted 8 December 2023 AM

AbbVie has made another big move, offering AU$13.3 billion for Cerevel Therapeutics to expand its neuroscience pipeline.

The deal, which still needs approval from Cerevel shareholders, will give AbbVie multiple clinical-stage and preclinical candidates with potential across several diseases including schizophrenia, Parkinson's disease, and mood disorders.

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