Axsome Therapeutics has obtained exclusive global rights to AZD7325, a novel oral GABAA receptor α2,3 subtype-selective positive allosteric modulator, through the acquisition of 100% equity interest in Baergic Bio, Inc., a subsidiary of Avenue Therapeutics. The deal includes commercial, development, and manufacturing rights to AZD7325, which has shown anti-convulsant effects in preclinical seizure models and demonstrated a favorable safety and tolerability profile in clinical studies involving over 700 patients. Baergic Bio shareholders will receive a $0.3 million upfront payment, with potential development, regulatory, and sales-based milestone payments, as well as tiered royalties on global net sales. AstraZeneca, the original licensor, will receive a cash upfront payment in the single digit millions, additional milestone payments, and tiered royalties. Axsome plans to advance AZD7325 into Phase 2 trial-enabling activities for epilepsy in 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Axsome Therapeutics Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9570134-en) on November 06, 2025, and is solely responsible for the information contained therein.
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