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06/2026100%

Apogee Therapeutics acquired by Abbvie

UNITED STATES Life Sciences / Pharma & Biotech / R&D Biotech EV $5–15bn

Context

The transaction involves the all-cash acquisition of Apogee Therapeutics by AbbVie, as part of a strategic move to bolster AbbVie's immunology portfolio, particularly in the area of chronic inflammatory diseases with significant unmet medical needs. Apogee Therapeutics has developed a monoclonal antibody targeting interleukin-13, which has the potential to treat atopic dermatitis and other inflammatory conditions. The strategic rationale is also driven by the complementary nature of Apogee's assets with AbbVie's existing immunology portfolio, including its established treatments for inflammatory diseases. This acquisition is taking place in a sector characterized by increasing investment in immunology, as several major drugs are approaching patent expiry. In this context, pharmaceutical companies are seeking to secure advanced growth assets to ensure the long-term sustainability of their revenue streams.

Apogee Therapeutics, which reported an EBITDA margin of [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of [members only].

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Target

Apogee Therapeutics is a clinical-stage biotechnology company focused on developing next-generation biological treatments in the field of immunology. The company's research efforts are centered on chronic inflammatory diseases, including atopic dermatitis, asthma, chronic obstructive pulmonary disease (COPD), and other immune-mediated disorders. At the core of its approach lies a cutting-edge platform of novel antibodies designed to offer enhanced efficacy and prolonged duration of action compared to existing treatments. These therapies aim to improve both symptom control and dosing frequency, with a particular emphasis on streamlining patient care pathways. The company's most advanced program is a monoclonal antibody targeting the interleukin-13 pathway, developed to treat atopic dermatitis and other inflammatory diseases. Available clinical data suggest a high potential for efficacy in alleviating skin symptoms and pruritus, as well as a tolerability profile comparable to current standards. A key differentiator of the company's portfolio is the potential for spaced dosing regimens, with intervals of up to several months between injections, which represents a significant advantage in terms of patient comfort and adherence.

Ent. Value

$5–15bn

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2026
[members only]
[members only]
[members only]
2025
[members only]
[members only]
[members only]

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REFERENCES

Valuation range: EV $5–15bn

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Apogee Therapeutics by Abbvie are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: apogee therapeutics

FAQ

What transaction does this page cover?

This page covers Abbvie’s acquisition of 100% of Apogee Therapeutics, an American company specialised in Pharma & Biotech, in 2026.

How was the acquisition of Apogee Therapeutics by Abbvie valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the $5–15bn band. Detailed valuation data is available to members.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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