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Nxera Secures $10 Mln Milestone Pay As FDA Accepts Neurocrine's IND Of NBI-1117567 In Alzheimer

Source: Nasdaq

Healthcare & BiotechRegulation & LegislationCompany Fundamentals

Nxera Pharma said its partner Neurocrine Biosciences received FDA acceptance of its IND for a Phase 2 study of NBI-1117567. While the update is early (IND acceptance rather than trial results), it is a meaningful regulatory milestone that de-risks the program’s path to Phase 2 study initiation.

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