AbbVie gets final EU approval for Allergan acquisition

3 March 2020

As part of US biopharma major AbbVie’s (NYSE: ABBV) $6.3 billion acquisition of Ireland-incorporated Allergan (NYSE: AGN) announced last year, the European Commission has approved the divestiture of brazikumab, an investigational interleukin (IL)-23 inhibitor in development for autoimmune diseases, to AstraZeneca (LSE: AZN).

The candidate was licensed to Allergan by the Anglo-Swedish pharma major in 2016, under a potential $1.27 billion deal.

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