Teva to Acquire BioXcel Neuroscience Assets for Up to $125m

M&A · Partnership
โดย Hospital Management·US·Read original
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Teva Pharmaceuticals International has made a bid to acquire a range of neuroscience assets from BioXcel Therapeutics for a total deal value of $125m, as part of BioXcel's voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware. The proposed transaction would see Teva obtain worldwide rights to Igalmi (dexmedetomidine) sublingual film, a prescription medicine, and the investigational BXCL501, which is currently under FDA review for potential at-home use in treating acute agitation linked to schizophrenia or bipolar I or II disorder in adults. Teva has been designated as the "stalking horse bidder," setting the initial offer in the Section 363 auction process, and would receive a break-up fee and expense reimbursement if it does not prevail. The upfront consideration totals $57.5m, with up to a further $67.5m in contingent payments tied to FDA approval timing and sales milestones. BioXcel has also secured $19m in debtor-in-possession financing to maintain operations during the court-supervised sale.

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BioXcel Therapeutics Inc
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BioXcel is selling its neuroscience assets to Teva for up to $125m as part of its Chapter 11 proceedings, providing needed capital.

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