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Stock impact report

AbbVie Completes Acquisition of Cerevel Therapeutics [Yahoo! Finance]

Cerevel Therapeutics Holdings, Inc. (CERE) 
Company Research Source: Yahoo! Finance
Emraclidine, a potential best-in-class, next-generation antipsychotic, is in trials designed to be registration enabling for schizophrenia Cerevel is a strong strategic fit for AbbVie and has potential to meaningfully impact revenue into the next decade AbbVie reaffirms previously issued 2024 full-year adjusted diluted EPS guidance range of ; reaffirms previously issued third-quarter adjusted diluted EPS guidance range of NORTH CHICAGO, Ill. Aug. 1, 2024 /PRNewswire/ -- AbbVie (NYSE: ABBV) today announced that it has completed its acquisition of Cerevel Therapeutics (NASDAQ: CERE). With the completion of the acquisition, Cerevel is now part of AbbVie. "AbbVie's acquisition of Cerevel strengthens our foundation in neuroscience and positions us to deliver sustainable long-term performance into the next decade and beyond," said Robert A. Michael , chief executive officer, AbbVie. "Our new Cerevel colleagues share our commitment to deliver meaningful change for patients living wi Show less Read more
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