ABBV to Acquire Nimble Therapeutics to Strengthen Immunology Pipeline [Yahoo! Finance]
AbbVie Inc. (ABBV)
Last abbvie inc. earnings: 5/1 07:43 am
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Source: Yahoo! Finance
The impending acquisition will add Nimble's lead preclinical asset and a pipeline of other novel oral peptide candidates with potential across several autoimmune diseases to AbbiVie's Immunology pipeline. The acquisition also allows AbbVie to utilize Nimble's proprietary peptide synthesis platform to enable the discovery and optimization of oral peptide therapeutics. Nimble's lead preclinical asset is an investigational oral peptide IL23R inhibitor in preclinical development for the treatment of psoriasis and inflammatory bowel disease (IBD). Per AbbVie, IL23R is a validated therapeutic target in certain autoimmune diseases, significantly contributing to psoriasis and IBD by driving inflammation and enhancing immune responses. In the past three months, shares of AbbVie have lost 10.4% compared with the industry's 14.4% decline. Zacks Investment Research Image Source: Zacks Investment Research More on ABBV's Strategic Acquisition of Nimble The acquisition of Nimble Therapeu
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