Addex Therapeutics Acquires Rights to Develop ADX71149
Exciting Developments at Addex Therapeutics
In a significant announcement, Addex Therapeutics (SWX: ADXN), a clinical-stage biopharmaceutical company, has regained rights to develop its promising asset ADX71149, also known as JNJ-40411813. This comes after a partnership with Janssen Pharmaceuticals was terminated, allowing Addex to take full control of this valuable developmental candidate. This news has generated considerable excitement among investors and stakeholders, signaling potential new pathways for advancements in neurological disorders.
Regained Control of ADX71149
Tim Dyer, CEO of Addex, expressed enthusiasm regarding the return of ADX71149, a compound that has successfully undergone three Phase 2 studies, showing significant promise in treating various conditions. "We are thrilled to regain control of ADX71149 with its robust data package and substantial material, which we consider a high-quality asset," remarked Dyer. The company's focus is now on evaluating diverse therapeutic indications that ADX71149 may address, as well as exploring possibilities for new partnerships to further advance this program.
About Addex Therapeutics
Addex Therapeutics has positioned itself as a pioneer in the biopharmaceutical space, dedicated to developing small molecule allosteric modulators aimed at addressing significant neurological disorders. One of its flagship products, dipraglurant, is currently being evaluated for brain injury recovery, marking a crucial step forward in traumatic brain injury and post-stroke rehabilitation. This commitment to innovation positions Addex as a key player in the therapeutic landscape.
Future Development Plans
As Addex moves forward with ADX71149, the team is actively exploring various high-value therapeutic indications. Discussions are underway with potential partners to capitalize on the compound's capabilities. This proactive strategy showcases Addex's commitment to continual advancement within the evolving field of neurological treatment.
Strategic Collaborations
In addition to its internal programs, Addex has established strategic collaborations. Notably, its partnership with Indivior revolves around developing GABAB PAM drug candidates to address substance use disorders. Furthermore, Addex is pursuing independent projects such as a GABAB PAM program aimed at chronic cough, contributing to a well-rounded portfolio in treating several chronic conditions.
Why ADX71149 Matters
The regaining of rights to ADX71149 marks a pivotal moment for Addex Therapeutics. The compound's development aligns with the company’s mission to innovate within the neurological field, tapping into a significant unmet need for effective treatments. The results from previous Phase 2 studies enhance its credibility and potential, propelling Addex to strategize on how best to leverage this asset for patient benefit.
Investor Confidence and Company Outlook
As Addex Therapeutics continues to evolve, it maintains a strong focus on fostering investor confidence and expanding its research portfolio. The return of ADX71149 will not only enhance the company’s pipeline but also address critical therapeutic gaps. Investors are optimistic about how Addex will navigate this new chapter, given their previously established track record and innovative approach.
Frequently Asked Questions
What is ADX71149 and what are its potential applications?
ADX71149 is an allosteric modulator that has shown promise in prior Phase 2 studies for neurological disorders. Its development may lead to new treatments for conditions that currently lack effective therapies.
Why did Addex terminate its partnership with Janssen Pharmaceuticals?
The partnership was terminated following Janssen's decision to stop development in epilepsy, which freed Addex to regain complete control over ADX71149.
What other programs is Addex currently pursuing?
Aside from ADX71149, Addex is developing dipraglurant for brain injury recovery and advancing GABAB PAM programs for substance use disorders and chronic cough.
How does Addex ensure investor confidence?
Addex showcases its commitment to innovation and transparency through strategic collaborations and a strong focus on developing high-quality therapeutics.
What does the future hold for Addex Therapeutics?
The future looks promising as Addex aims to explore new therapeutic indications for ADX71149 while expanding its portfolio through collaborations and independent programs.
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