Revolution Medicines stock surges over 20% on potential AbbVie acquisition [Yahoo! Finance]
Revolution Medicines, Inc. (RVMD)
Company Research
Source: Yahoo! Finance
Journal report that AbbVie (NYSE:ABBV) is in advanced talks to acquire the clinical-stage precision oncology company. According to people familiar with the matter, AbbVie is nearing a deal that could value Revolution Medicines at approximately $20 billion or more, representing a premium to the company's current market value of around $16 billion. The acquisition could be finalized soon, barring any last-minute complications. The news triggered significant gains across the oncology biotech sector, with several of Revolution's peers seeing substantial price movements. Verastem (NASDAQ:VSTM) jumped 25%, while Tango Therapeutics (NASDAQ:TNGX) climbed 20%, and Erasca (NASDAQ:ERAS) soared 27%. Revolution Medicines specializes in developing novel targeted therapies for RAS-addicted cancers. The potential acquisition could strengthen AbbVie's oncology portfolio as it seeks to expand its presence in the precision medicine space. The companies have not officially confirmed the talks, an
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RVMD
News
- Revolution Medicines (NASDAQ:RVMD) was given a new $143.00 price target on by analysts at Mizuho.MarketBeat
- JPM 26: Day 1 – drug prices and policy changes drive the agenda [Yahoo! Finance]Yahoo! Finance
- Revolution Medicines declines to comment on M&A speculation at conference [Seeking Alpha]Seeking Alpha
- JPM26: Eli Lilly reportedly eyes €15bn takeover of Abivax [Yahoo! Finance]Yahoo! Finance
- AbbVie Down 3% in a Month: Why Holding the Stock Still Makes Sense [Yahoo! Finance]Yahoo! Finance
RVMD
Earnings
- 11/5/25 - Miss
RVMD
Sec Filings
- 1/9/26 - Form 4
- 1/9/26 - Form 4
- 1/7/26 - Form 144
- RVMD's page on the SEC website