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Thursday, August 13, 2026

Ovid transfers global soticlestat rights for equity, up to $294.5M milestones plus royalties

 

Ovid transfers global soticlestat rights to Perceptive Advisors–backed NewCo for equity, up to $294.5M milestones plus royalties

  • Reported fiscal Q2 2026 non-GAAP EPS -$0.08 (-33% YoY), beating EPS estimates
  • Fiscal Q2 2026 revenue $733,000 (-88% YoY), exceeding revenue estimates
  • Filed Q2 10-Q reporting $15 million net loss and $169.8 million in cash
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