AbbVie Acquires Apogee, Shares Surge 50%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 22 2026
0mins
Source: CNBC
- AbbVie Acquires Apogee: Apogee Therapeutics' shares soared 50% after AbbVie confirmed its acquisition for $10.9 billion, valuing shares at $135.11 each, a 49% premium over Thursday's close, which will enhance AbbVie's presence in the respiratory market.
- CRH Acquires Arcosa: Shares of Arcosa rose over 7% following CRH's announcement of an $8.5 billion acquisition, with a cash offer of $150 per share, representing a 10% premium from Thursday's close, strategically enhancing CRH's product portfolio.
- Getty Images Surge: Getty Images' stock surged 150% after announcing a partnership with OpenAI, although its market cap remains below $1 billion, indicating strong market expectations for future growth potential.
- Micron Technology Gains: Micron Technology's stock increased by 4.5% after Bernstein and Needham raised their price targets to $1,300 and $1,550 respectively, reflecting optimistic market sentiment regarding its future performance.
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Analyst Views on APGE
Wall Street analysts forecast APGE stock price to fall
15 Analyst Rating
13 Buy
2 Hold
0 Sell
Strong Buy
Current: 133.540
Low
83.00
Averages
105.67
High
137.00
Current: 133.540
Low
83.00
Averages
105.67
High
137.00
About APGE
Apogee Therapeutics, Inc. is a clinical-stage biotechnology company. The Company is advancing novel biologics with the potential for differentiated efficacy and dosing in the inflammatory and immunology (I&I) markets, including for the treatment of atopic dermatitis (AD), asthma, eosinophilic esophagitis (EoE), chronic obstructive pulmonary disease (COPD), and other I&I indications. APG777, the Company’s most advanced program, is being initially developed for the treatment of AD. With four validated targets in its portfolio, it is seeking to achieve efficacy and dosing through monotherapies and combinations of its novel antibodies. Its most advanced programs are APG777, APG990, APG333, and APG808. APG990 is an SQ extended half-life mAb that utilizes advanced antibody engineering to target OX40L. APG333 is a fully human mAb against thymic stromal lymphopoietin (TSLP). APG808 is an SQ extended half-life mAb targeting IL-4Ra. APG279 is for the dual inhibition of OX40L and IL-13.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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