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Drugmaker AbbVie to spend over $10 billion on ImmunoGen to juice its cancer-fighting treatment portfolio

Por: Portland Press Herald World December 01, 2023

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AbbVie will pay around $10 billion to add a potential blockbuster cancer treatment as cheaper versions of the drugmaker’s all-time best seller, Humira, cut into sales. But company leaders cautioned Thursday that a return on the deal they announced for drug developer ImmunoGen will take time to develop. The company said it will pay $31.26 in cash for each ImmunoGen share. That amounts to a 95% premium on the stock’s closing closing price... + full article



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