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AbbVie to buy Alzheimer's therapy developer Aliada Therapeutics for $1.4 bln
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AbbVie to buy Alzheimer's therapy developer Aliada Therapeutics for $1.4 bln
Nov 3, 2024 12:33 PM

Oct 28 (Reuters) - U.S. drugmaker AbbVie ( ABBV ) said

on Monday it would acquire Aliada Therapeutics for $1.4 billion

in cash, gaining access to the therapy developer's Alzheimer's

disease drug candidate.

Aliada is developing ALIA-1758, an antibody for the

Alzheimer's disease, which AbbVie ( ABBV ) said could be a potential

best-in-class therapy.

The deal is expected to close by the end of this year.

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