AbbVie has secured an option to acquire Kestrel Therapeutics for up to $1.45 billion, as Kestrel advances its Phase 1 trial of the oral pan-KRAS inhibitor KST-6051 targeting solid tumors. This strategic move highlights AbbVie's focus on expanding its oncology portfolio.
AbbVie is setting up a shot to buy Kestrel Therapeutics down the line, as the biotech doses patients in a Phase 1 trial for the oral pan-KRAS inhibitor KST-6051 in solid tumors.
Original title: “AbbVie sinks talons into KRAS with right to buy Kestrel for up to $1.45B”