Madison-based Nimble Therapeutics being acquired for $200 million [Yahoo! Finance]
AbbVie Inc. (ABBV)
Last abbvie inc. earnings: 5/1 07:43 am
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Source: Yahoo! Finance
The territory exports $50 billion of biopharmaceuticals, making it the largest exporter in the U.S. AbbVie, a global pharmaceutical company headquartered in North Chicago, is acquiring Madison-based Nimble Therapeutics for $200 million in cash, the companies said in a news release. AbbVie has around 50,000 employees in more than 70 countries. It's unknown how many employees Nimble currently has, but recent industry data showed it was a total of around 40 between Madison and Philadelphia. Nimble says it's developing oral therapies that could treat psoriasis and inflammatory bowel disease, among other ailments. The acquisition includes Nimble's lead asset, an investigational oral peptide inhibitor in preclinical development for the treatment of psoriasis, and a pipeline of other novel oral peptide candidates with potential use across several autoimmune diseases, the companies said. "The addition of Nimble's pipeline to AbbVie's existing pipeline, combined with our deep clinica
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ABBV
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ABBV
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