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AbbVie Acquires Mitokinin

Activation of PINK1, Mitokinin’s lead compound, remediates mitochondrial damage, and restores mitochondrial function.

AbbVie acquired Mitokinin, a biotechnology company developing a potentially first-in-class disease-modifying treatment for Parkinson’s Disease (PD), for $110 million at closing and up to $545 million upon the achievement of certain development and commercial milestones, plus royalties on sales. Mitokinin’s lead compound, a selective PINK1 activator, is designed to address mitochondrial dysfunction that is believed to be a major contributing factor to Parkinson’s disease pathoge...

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