On 28 June 2024, AbbVie announced its acquisition of Celsius Therapeutics, a privately owned biotech firm developing treatments for patients suffering from inflammatory diseases. This includes CEL383, an anti-TREM1 antibody which has successfully completed a Phase 1 clinical trial for treating IBD.
This news follows AbbVie’s announcement in January 2024 that it is investing US$223M in expanding its biologics manufacturing facility in Singapore.