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AbbVie announces $250M acquisition of biotech company Celsius Therapeutics

Jun 28, 2024

On 28 June 2024, AbbVie announced its acquisition of Celsius Therapeutics, a privately owned biotech firm developing treatments for patients suffering from inflammatory diseases. This includes  CEL383, an anti-TREM1 antibody which has successfully completed a Phase 1 clinical trial for treating IBD. 

This news follows AbbVie’s announcement in January 2024 that it is investing US$223M in expanding its biologics manufacturing facility in Singapore.