AbbVie pulls the trigger on Morphic fibrosis programs, adding $20M to deal
AbbVie has been a longtime supporter of Morphic Therapeutic, chipping into multiple venture rounds and forking over $100 million upfront in an R&D deal. Now, the Big Pharma is taking the next step: It’s paying Morphic $20 million to pick up its integrin inhibitors for the treatment of fibrotic diseases.