Cerevel Therapeutics

Cerevel Therapeutics

Develops treatments for neuroscience diseases

About Cerevel Therapeutics

Simplify's Rating
Why Cerevel Therapeutics is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Biotechnology

Healthcare

Company Size

51-200

Company Stage

IPO

Headquarters

Cambridge, Massachusetts

Founded

2018

Overview

Cerevel Therapeutics develops new treatments for diseases related to the brain and nervous system. The company focuses on conditions like Parkinson's disease, epilepsy, and schizophrenia, aiming to create effective therapies for these challenging illnesses. Their approach combines advanced chemistry with an understanding of how drugs interact with specific brain receptors, known as CNS receptor pharmacology. Unlike many competitors, Cerevel is dedicated solely to neuroscience and is currently in the clinical trial phase, testing the safety and effectiveness of its drug candidates. The goal of Cerevel is to provide new treatment options for the millions of people affected by neuroscience diseases, ultimately transforming the landscape of neuroscience through careful research and development.

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Significant Headcount Growth
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Simplify's Take

What believers are saying

  • AbbVie's acquisition provides Cerevel with increased financial resources and market reach.
  • Tavapadon's Phase III success positions Cerevel as a leader in Parkinson's treatment.
  • Growing interest in Alzheimer's-related psychosis opens new avenues for Cerevel's pipeline.

What critics are saying

  • Increased competition from companies like Karuna could impact Cerevel's market share.
  • AbbVie's emraclidine failure may lead to scrutiny on Cerevel's drug candidates.
  • AbbVie's acquisition may lead to strategic shifts disrupting Cerevel's projects.

What makes Cerevel Therapeutics unique

  • Cerevel combines neurocircuitry expertise with receptor selectivity for neuroscience disease treatment.
  • The company has a diversified pipeline with five clinical-stage investigational therapies.
  • Cerevel's approach involves CNS receptor pharmacology to target specific brain receptors.

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Funding

Total Funding

$10473.8M

Above

Industry Average

Funded Over

7 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

18%

2 year growth

16%
Stat News
Nov 11th, 2024
AbbVie’s $9B Schizophrenia Drug Fails Trials

AbbVie's experimental schizophrenia drug, emraclidine, acquired through a $9 billion purchase of Cerevel Therapeutics, failed to show significant patient improvement in Phase 2 trials using the PANSS test compared to a placebo. AbbVie's chief scientific officer, Roopal Thakkar, expressed disappointment and stated that the company is analyzing the data to determine next steps.

Infobae
Sep 23rd, 2024
AbbVie Acquires Cerevel for $45/Share

AbbVie has completed the acquisition of Cerevel Therapeutics, a company with a portfolio of neurological and psychiatric products. AbbVie acquired all outstanding shares of Cerevel for $45 (€40.47) each. Cerevel's shares ceased trading on NASDAQ on August 1, 2024. AbbVie expects the acquisition to increase earnings per share starting in 2030.

BioPharma Dive
Sep 10th, 2024
Bain closes $3B biotech fund amid flurry of startup buyouts

Cerevel, meanwhile, was acquired by AbbVie for $8.7 billion.

Contract Pharma
Aug 2nd, 2024
AbbVie Acquires Cerevel Therapeutics

AbbVie has completed its acquisition of Cerevel Therapeutics for approximately $8.7 billion-strengthening its foundation in neuroscience and positioning itself to deliver sustainable long-term performance.

Bizjournals
Jul 26th, 2024
AbbVie to Acquire Cerevel for $9B

AbbVie's acquisition of Cerevel Therapeutics for nearly $9 billion, announced in December 2023, is expected to close soon, potentially as early as next week, despite an FTC "second request" for additional information in February. AbbVie CEO Rob Michael confirmed substantial compliance with the FTC's request and no expected divestments. Cerevel will become a subsidiary of AbbVie, enhancing its neuroscience franchise. Cerevel’s stock rose 2.4%, and AbbVie’s rose 3.4% post-announcement.

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