AbbVie (ABBV) confirms it is to acquire Apogee Therapeutics (APGE)

Newsquawk StaffPublished 22 Jun 2026, 11:20 UTCOn the live feed at 11:00 UTC — 3 more headlines followed before this page went public

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11:07

[MARKET UPDATE]: Geopolitical risk-on trade seen as VP Vance speaks; equities, spot gold, and Treasuries gain with Dollar and oil sold

11:05

US VP Vance on Iran talks, says made a lot of progress; Strait is open; Want to make sure have proper coordination; Iranians have agreed to invite IAEA inspectors back

11:00

AbbVie (ABBV) confirms it is to acquire Apogee Therapeutics (APGE)

10:52

US VP Vance to speak in Switzerland at 12:00BST/07:00EDT

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Merck (MRK) said the study met its primary endpoint of clinical remission according to the Modified Mayo Score at week 12, as well as key secondary endpoints

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Under the terms of the transaction, AbbVie will acquire all outstanding shares of Apogee for USD 135.11/shr in cash.
The transaction values Apogee at a total equity value of approximately USD 10.9bln.
The boards of directors of both companies have unanimously approved the transaction.
This transaction is expected to close in the third quarter of 2026, subject to customary closing conditions, including Apogee shareholder approval and receipt of regulatory approvals.

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