AbbVie Acquires Gilgamesh Pharmaceuticals' Psychedelic Candidate Bretisilocin
AbbVie has completed the acquisition of Gilgamesh Pharmaceuticals' investigational compound bretisilocin, announced in a press release. The compound is a novel, short-acting serotonin 5-HT2A receptor agonist and 5-HT releaser currently in Phase 2 clinical development for moderate-to-severe major depressive disorder.
Bretisilocin is designed as a next-generation psychedelic compound intended to address challenges seen with traditional psychedelics. AbbVie stated that recent clinical data suggest the compound has potential as a treatment for patients with major depressive disorder.
With the acquisition finalized, AbbVie plans to accelerate bretisilocin’s development as part of its psychiatry pipeline expansion.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like AI Funding Brief, Life AI Weekly or Daily AI Brief.
Also, consider following us on social media:
More from Funding
Nov 12 Octave Acquires Cerebre for Industrial AI Plant Models Nov 11 StitchStudio raises $8M for insurance AI products Nov 11 Stage 2 Capital Closes $100 Million for B2B AI Investments Nov 11 Enza Capital secures $21 million for African AI fund Nov 11 Goldman Sachs Forecasts Anthropic Revenue of $685 Billion by 2030More from Life Sciences
Nov 11 Optum and Alameda Alliance Partner on AI Claims Automation Nov 11 Mosaic Raises $47M for Blood Vessel Surgery Robots Nov 11 Kardi AI Raises €5.3 Million for Heart Monitoring Expansion Nov 11 Switchpoint Bio raises $5.3 million for AI epigenomics platform Nov 10 Google Cloud Launches Gemini for Healthcare With HCA, Northwell and OptumAI Funding Brief
Market report
2025 Generative AI in Professional Services Report
Thomson Reuters
This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.
Read moreYou may also like
Pathos AI Raises $237 Million at $3 Billion Valuation
Zealand Pharma signs AI obesity drug deal worth up to $1.2 billion
Anthropic Reports Early Claude Results in Drug Development
Lunit and Summit Test AI Pathology for Ivonescimab Research
Phylo Brings Biomni Lab AI Agents to Bayer
Daily AI Brief: the AI news that matters, in your inbox.