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Drug Names(s): NRX 2085
Description: NRX 2085 is an NMDAR partial agonist that is potentially suited to the treatment of schizophrenia (including negative and cognitive symptoms).
Allergan and Naurex
In July 2015, Allergan announced that they have entered into a definitive agreement under which Allergan will acquire Naurex in an all-cash transaction. Under the terms of the agreement, Allergan will acquire Naurex for a $560 million upfront payment net of cash acquired, $460 million of which is payable upon the closing of the acquisition and $100 million of which is payable by January of 2016 (or upon the closing if the closing has not occurred by such time), as well as potential R&D success-based and sales-threshold milestone payments.
Naurex's discovery platform has yielded a pipeline of NMDA receptor modulators, including subtype-selective molecules, with the potential to treat a broad set of psychiatric and neurologic disorders. Immediately prior to the closing of the acquisition, Naurex will spin-out this discovery platform into a new company. Allergan and this new company will enter into a research collaboration focused on the discovery...See full deal structure in Biomedtracker
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