Addex and Indivior Select Clinical Candidates from GABAB Positive Allosteric Modulator Research Collaboration
Addex Therapeutics Ltd - American Depositary Shares (ADXN)
Company Research
Source: GlobeNewswire
Ad Hoc Announcement Pursuant to Art. 53 LR Geneva, Switzerland, August 27, 2024 - Addex Therapeutics (SIX/NASDAQ: ADXN), a clinical-stage biopharmaceutical company focused on developing a portfolio of novel small molecule allosteric modulators for neurological disorders, and Indivior PLC (NASDAQ/LSE: INDV) today announced the selection of clinical candidates from their GABAB positive allosteric modulator (PAM) research collaboration. Indivior has selected a compound for future development in substance use disorder and will now undertake all future development of their selected compound. Under the terms of the agreement, Addex is eligible for payment of up to USD 330 million on successful achievement of prespecified regulatory, clinical and commercial milestones as well as tiered royalties on the level of net sales from high single digits up to low double-digit. Under the terms of the agreement, Addex has also exercised its right to select a compound to advance its own independent GAB
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- Addex Provisional 2024 Half-Year and Second Quarter Result increased from a Net loss to a Net ProfitGlobeNewswire
- Addex to Participate in the H.C. Wainwright 26th Annual Global Investment Conference [Yahoo! Finance]Yahoo! Finance
- Addex to Participate in the H.C. Wainwright 26th Annual Global Investment ConferenceGlobeNewswire
- Addex Therapeutics Ltd (NASDAQ: ADXN) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $30.00 price target on the stock.MarketBeat
- Johnson Johnson-Partner Addex Therapeutics Selects Investigational Compound For Substance Use Disorder [Yahoo! Finance]Yahoo! Finance
ADXN
Sec Filings
- 9/19/24 - Form 6-K
- 8/27/24 - Form 6-K
- 8/14/24 - Form SC
- ADXN's page on the SEC website