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AbbVie concludes acquisition of Gilgamesh Pharma Bretisilocin

North Chicago: AbbVie has announced that it has completed its acquisition of Gilgamesh Pharmaceuticals' lead investigational candidate, bretisilocin.
Bretisilocin is a novel, short-acting serotonin 5-HT2A receptor agonist and 5-HT releaser currently in Phase 2 clinical development for the treatment of patients with moderate-to-severe major depressive disorder (MDD). This next-generation 5-HT2A receptor agonist is designed to help address current development challenges observed with classic psychedelic compounds.
"Recent clinical results have demonstrated the potential of bretisilocin to treat patients living with MDD," said Daniel Mikol, M.D., Ph.D., vice president, neuroscience development, AbbVie. "With the acquisition now complete, we look forward to accelerating the development of this next-generation compound, reinforcing AbbVie's commitment to delivering innovative, science-driven treatment options for people living with serious mental health conditions."
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751