Cerevel’s Parkinson’s success is music to AbbVie’s ears

19 April 2024

A rare success in Parkinson’s disease is good news not just for the company behind the research - Cerevel Therapeutics (Nasdaq: CERE) - but also for AbbVie (NYSE: ABBV).

The Chicago-based pharma major is soon to complete the $8.7 billion buy of Cerevel, a Boston biotech that claims to be unraveling the mysteries of the brain to treat neuroscience diseases.

Cerevel has announced positive top-line results from its pivotal Phase III TEMPO-3 trial for tavapadon, the first and only D1/D5 receptor partial agonist being studied as a once-daily treatment for Parkinson’s.

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