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AbbVie to Acquire Gilgamesh Pharmaceutical’s Psychedelic Drug for $1.2B

Bretisilocin is currently in clinical development for the treatment of patients with moderate-to-severe major depressive disorder.

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By: Charlie Sternberg

Associate Editor

AbbVie has agreed to acquire Gilgamesh Pharmaceuticals Inc.’s lead investigational candidate, currently in clinical development for the treatment of patients with moderate-to-severe major depressive disorder (MDD), for up to $1.2 billion, inclusive of an upfront payment and development milestones. Bretisilocin, a 5-HT2A receptor agonist and 5-HT releaser, is a novel, next-generation psychedelic compound that has been shown to exert a shorter duration of psychoactive experience, while re...

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