- Launched Neurosterix with Perceptive Advisors to accelerate the development of M4PAM for schizophrenia
- Indivior selected GABA B PAM drug candidate for development in substance use disorders
- Addex selected independent GABAB PAM drug candidate for development in chronic cough
Half-Year 2024 Operating Highlights:
- Launched Neurosterix with committed funding of USD 63 million in Series A led by Perceptive Advisors to accelerate the development of a preclinical portfolio including M4 PAM for schizophrenia;
- Received CHF 5.0 million and 20% of equity interest in Neurosterix, securing cash runway beyond 2026;
- Successfully completed our research agreement with Indivior and both Indivior and Addex selected drug candidates for further independent development; and
- Our partner, Janssen Pharmaceuticals Inc., completed ADX71149 epilepsy Phase 2 study - top-line results did not show statistical significance.
Conference Call Details:
A conference call will be held today, September 30, 2024, at 16:00 CEST (15:00 BST / 10:00 EDT / 07:00 PDT) to review the financial results. Tim Dyer, Chief Executive Officer and Mikhail Kalinichev, Head of Translational Science will deliver a brief presentation followed by a Q&A session.
Joining the Conference Call:
- Participants are required to register in advance of the conference using the link provided below. Upon registering, each participant will be provided with Participant Dial-in numbers, and a unique Personal PIN.
- In the 10 minutes prior to the call’s start time, participants will need to use the conference access information provided in the e-mail received at the point of registering. Participants may also use the call me feature instead of dialing the nearest dial in number.
Webcast registration URL: https://edge.media-server.com/mmc/p/dus6oz27
Conference call registration URL: https://register.vevent.com/register/BI2705eb99ef6048ed87a2b734c0ffcfee
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