ACAD Signs License Deal With Saniona for Rights to Neurology Drug
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Acadia Pharmaceuticals has signed a $610 million exclusive global license agreement with Saniona to develop and commercialize SAN711 for neurological disorder indications.
November 27, 2024 | 4:30 pm
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Acadia Pharmaceuticals has entered into a $610 million exclusive global license agreement with Saniona to develop and commercialize SAN711, a drug for neurological disorders.
The agreement allows Acadia to expand its portfolio in the neurology space, potentially leading to future revenue growth. The significant investment indicates strong confidence in SAN711's potential, likely boosting investor sentiment and stock price in the short term.
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