Addex And Perceptive Launch Neurosterix With $63M For Neurological Disorders
Portfolio Pulse from Benzinga Newsdesk
Addex has partnered with Perceptive to launch Neurosterix, a new venture focused on developing treatments for neurological disorders, with an initial funding of $63 million. The funding comes from Perceptive Xontogeny Venture Fund II, Perceptive Life Sciences Fund, and Acorn Bioventures. Neurosterix will acquire a portfolio of preclinical assets and the allosteric modulator drug discovery technology platform from Addex to accelerate their development.
April 03, 2024 | 7:31 am
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Addex enters a strategic partnership with Perceptive to launch Neurosterix, focusing on neurological disorder treatments, backed by $63M funding.
The launch of Neurosterix with significant funding and the transfer of preclinical assets and technology platforms to this new venture indicates a major strategic move for Addex. This partnership and the focus on developing treatments for neurological disorders could potentially open up new revenue streams and enhance Addex's market position. The positive impact on Addex's stock price in the short term is likely due to investor optimism about the potential returns from this new venture.
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