Neuren and Acadia have expanded their global partnership for trofinetide (DAYBUETM), aiming to maximize its value and explore strategic options. The partnership grants Acadia exclusive worldwide rights for trofinetide, with potential payments of up to US$527 million to Neuren, including an upfront payment of US$100 million. Additionally, Neuren's NNZ-2591 shows potential for applications in Rett and Fragile X syndromes globally, with separate sales milestones and royalties. This collaboration strengthens Neuren's position and provides cash flow, with a total of A$226 million as of June 2023. The transaction economics for trofinetide outside North America include upfront payments, sales milestones, and tiered royalties. Trofinetide's economics within North America remains unchanged.
The expanded global partnership between Neuren and Acadia for trofinetide (DAYBUETM) has the potential to lead to an increase in Neuren's stock price for several reasons:
It's important to note that stock prices are influenced by a variety of factors and are subject to market dynamics and investor sentiment. While the expanded partnership and its associated benefits can potentially lead to an increase in Neuren's stock price, it's advisable to consider other market factors and conduct thorough research before making investment decisions.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.