AbbVie exercises right to acquire Mitokinin
US pharma major AbbVie (NYSE: ABBV) has exercised its exclusive right and completed the acquisition of Mitokinin, a discovery-stage biotechnology company developing a potentially first-in-class disease-modifying treatment for Parkinson's disease (PD).
Mitokinin's lead compound, a selective PINK1 activator, is designed to address mitochondrial dysfunction that is believed to be a major contributing factor to Parkinson's disease pathogenesis and progression.
In 2021, AbbVie agreed to help advance Mitokinin's PINK1 activator program through a deal that included an exclusive option to buy the company.
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