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Addex Completes Turnaround, Prepares For Phase III Dyskinesia Study

 
• By John Davis

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 lead program, the funding might also stimulate the signing of...

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More from Business

Loss Of Exclusivity Product Launches To Fuel Aurobindo’s FY26 Europe Growth

 
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• By Sushmita Panda

Eye drug is already in Phase III trials elsewhere, with results due in Q3. Nicox could earn up to a further €24.5m in milestones and royalties from Kowa alliance.