Pharma BD Deal Intelligence

AbbVie Inc. / Gilgamesh Pharmaceuticals Inc.

2024 · Licensing/Option · $2.0B · Complete

WRONG BY 30 POINTS
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The coverage arc

May 14, 2024 BioSpace Bullish

AbbVie and Gilgamesh sign potential $2B deal to develop neuroplastogens for psychiatric disorders.

Aug 25, 2025 BioPharma Dive Neutral

AbbVie wagers more than $1B on psychedelic drug class that remains unproven in registration trials; novel mechanism has regulatory path uncertainty

Oct 17, 2025 AbbVie Bullish

AbbVie completes acquisition of Gilgamesh's bretisilocin for up to $1.2B (upfront + development milestones).

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In May 2024 AbbVie entered a collaboration and option-to-license agreement with Gilgamesh Pharmaceuticals to develop next-generation neuroplastogen (psychedelic-derived) therapies for psychiatric disorders, paying $65M upfront with up to $1.95B in option fees and milestones plus tiered royalties. The collaboration produced a clinical winner: in May 2025 Gilgamesh reported positive Phase 2a topline data for bretisilocin (GM-2505), a short-acting 5-HT2A receptor agonist and 5-HT releaser, in major depressive disorder (Day 14 MADRS -21.6 for 10mg vs -12.1 for the 1mg comparator, p=0.003; 94% remission by Day 29). In August 2025 AbbVie acquired the bretisilocin program outright for up to $1.2B (a separate transaction), and Gilgamesh spun its remaining programs into a new entity, Gilgamesh Pharma Inc. This original option-to-license collaboration remains in effect and was transferred to Gilgamesh Pharma Inc.

Key facts

Related deals — scored

DealYearValueOutcome
AbbVie Inc. / Gilgamesh Pharmaceuticals Inc. (this deal)2024$2.0B64
AbbVie Inc. / Boehringer Ingelheim GmbH2016$2.2B95
AbbVie Inc. / Genmab A/S2020$3.9B81
AbbVie Inc. / Pharmacyclics Inc.2015$21.0B79
AbbVie Inc. / Apogee Therapeutics, Inc.2026$10.9B72
AbbVie Inc. / ImmunoGen Inc.2023$10.1B69
AbbVie Inc. / MedinCell S.A.2024$1.9B61

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