Eli Lilly invests in eye care by acquiring gene therapy company Adverum
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 24 2025
0mins
Should l Buy ABBV?
Source: Reuters
Acquisition Details: Eli Lilly is acquiring Adverum Biotechnologies for up to $261.7 million to enhance its pipeline with the experimental eye disease treatment Ixo-vec, which targets wet age-related macular degeneration (wAMD).
Financial Terms: Lilly has offered $3.56 per share in cash, with potential milestone payments bringing the total to $12.47 per share, contingent on regulatory approval and sales targets.
Market Context: The wAMD treatment market is competitive, with existing therapies requiring frequent injections, while Ixo-vec aims to provide a one-time injection solution.
Future Outlook: Analysts predict significant sales potential for Ixo-vec, estimating global sales could reach $1.3 billion by 2033, and Lilly expects the acquisition to finalize in the fourth quarter.
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Analyst Views on ABBV
Wall Street analysts forecast ABBV stock price to rise
18 Analyst Rating
12 Buy
6 Hold
0 Sell
Moderate Buy
Current: 209.400
Low
223.00
Averages
252.00
High
289.00
Current: 209.400
Low
223.00
Averages
252.00
High
289.00
About ABBV
AbbVie Inc. is a global, diversified research-based biopharmaceutical company. It is engaged in research and development, manufacturing, commercialization and sale of medicines and therapies. Its product portfolio includes Immunology, Oncology, Aesthetics, Neuroscience, Eye Care and Other Key Products. Immunology products include rheumatology, dermatology and gastroenterology. Oncology products include Imbruvica, Venclexta/Venclyxto, Elahere and Epkinly. Aesthetics portfolio consists of facial injectables, plastics and regenerative medicine, body contouring, and skincare products. Its Neuroscience products include Botox Therapeutic, Vraylar, Duopa and Duodopa, Ubrelvy, and Qulipta. Eye Care products include Ozurdex, Lumigan/Ganfort, Alphagan/Combigan, Restasis, and other eye care. Other key products include Mavyret/Maviret, Creon, and Linzess/Constella. Its investigational candidate, bretisilocin, is for the treatment of patients with moderate-to-severe major depressive disorder (MDD).
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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