Addex Completes Turnaround, Prepares For Phase III Dyskinesia Study

Geneva, Switzerland-based Addex Therapeutics has raised CHF40m to pursue its novel negative allosteric modulator in a late-stage study for levodopa-induced dyskinesia associated with Parkinson's disease.  

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Addex Completes Another Step In Its Business Development Strategy • Source: Shutterstock

Swiss biotech Addex Therapeutics has completed its turnaround, just a matter of months after signing a collaboration agreement with Indivior PLC, by announcing a capital raise of CHF 40m ($41.8m) from financial institutions and family offices that will allow it to advance its portfolio of allosteric receptor modulators that include the Phase III-ready lead candidate, dipraglurant.

The financing is described as transformational by company CEO Tim Dyer, because as well as supporting the development of Addex's...

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