AbbVie Inc

ABBV: XNYS (USA)

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AbbVie: Cerevel Acquisition Brings High-Risk/High-Reward Neuroscience Pipeline Drugs at a Fair Price

Damien Conover

Dec 7, 2023

We are holding firm to our $126 fair value estimate for AbbVie following the announced $8 billion acquisition of Cerevel. We believe the deal yields several higher-risk and higher potential reward neuroscience drugs, led by schizophrenia drug emraclidine. While the neuroscience treatment potential is very large given the high unmet medical need, the risks remain elevated as the scientific community is still in the earlier stages of fully understanding most neurological disorders.

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AbbVie Inc

AbbVie: Cerevel Acquisition Brings High-Risk/High-Reward Neuroscience Pipeline Drugs at a Fair Price

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