Johnson Johnson-Partner Addex Therapeutics Selects Investigational Compound For Substance Use Disorder [Yahoo! Finance]
Addex Therapeutics Ltd - American Depositary Shares (ADXN)
Company Research
Source: Yahoo! Finance
Addex Therapeutics and Indivior PLC (NASDAQ: INDV ) announced that they have selected 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 $330 million on 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 GABAB PAM program for chronic cough. “Indivior's collaboration with Addex has been instrumental in identifying a possible candidate for the treatment of substance use disorders,” said Christian Heidbreder, Chief Scientific Officer at Indivior.” “The selection of
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News
- 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
- Addex and Indivior Select Clinical Candidates from GABAB Positive Allosteric Modulator Research CollaborationGlobeNewswire
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