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Medgenics Inc.

Drug Names(s): NFC1, NFC-1, MDGN-001, MDGN001

Description: NFC-1 is a small molecule, non-stimulant antagonist of multiple metabotropic glutamate receptors (mGluR; 1/3/5/7/8). NFC-1 also up-regulates GABAB receptors.

Deal Structure: NFC-1 was originally developed by neuroFix Therapeutics.

Medgenics and neuroFix
In September 2015, Medgenics announced its acquisition of neuroFix Therapeutics. Medgenics acquired all outstanding shares of neuroFix for upfront consideration of $2 million cash, a series of performance-based milestone payments and sales royalties.

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