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AbbVie, Revolution Medicines Stocks Gain on Report of Possible Acquisition

Provided by Dow Jones Jan 7, 2026, 8:13:00 PM

By Elias Schisgall

Shares of AbbVie and Revolution Medicines rose following a report in The Wall Street Journal that AbbVie is in advanced talks to acquire the cancer-drug biotechnology company.

Revolution shares jumped 10% to $87.81 in Wednesday afternoon trading. AbbVie shares rose 3.2% to $231.28.

Revolution, with a market value of roughly $16 billion, could be valued by AbbVie at $20 billion or more based on typical deal premiums, according to the Journal, which said the exact size of AbbVie's offer couldn't be determined.

A deal could be finalized shortly barring any last-minute issues, according to the Journal.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

January 07, 2026 15:13 ET (20:13 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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