AbbVie and Alector link up on $205 million Alzheimer's research deal
US biopharma major AbbVie (NYSE: ABBV) and portfolio company Alector, a privately owned biotech, today announced a global strategic collaboration to develop and commercialize medicines to treat Alzheimer’s disease and other neurodegenerative disorders.
“Alzheimer’s is among the most difficult-to-treat diseases and there is an urgent need for new scientific approaches that lead to better therapies for patients,” said Jim Sullivan, vice president, pharmaceutical discovery, at AbbVie.
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