AbbVie Strikes $2B Licensing Deal with IGI Therapeutics

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A Pattern of Aggressive Expansion

This multi-billion-dollar deal with IGI comes just days after AbbVie announced another significant investment — a $2.1 billion acquisition of Capstain Therapeutics Inc., a developer of next-generation cell therapies. Together, these moves paint a picture of a company on a mission to dominate the next wave of oncology innovations.

The Legal Minds Behind the Agreement

IGI was represented by Covington & Burling LLP, with key roles played by partners J.D. Weinberg, Van Ellis, and Winsome Cheung. AbbVie’s legal counsel has not yet been disclosed.