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Saniona AB: Saniona received approximately USD $2.9 million (SEK 24.2 million) upfront payment in connection with Cadent Therapeutics transaction


Saniona AB: Saniona received approximately USD $2.9 million (SEK 24.2 million) upfront payment in connection with Cadent Therapeutics transaction
January 25, 2021
Saniona (OMX: SANION), a clinical stage biopharmaceutical company focused on rare diseases, today announced it received approximately USD $2.9 million (SEK 24.2 million) in an upfront payment resulting from the now completed acquisition of Cadent Therapeutics by a third party. Saniona holds an ownership stake of approximately 3% in Cadent Therapeutics resulting from Cadent s previous acquisition of the Saniona spin-out Ataxion, which was created to leverage Saniona s ion channel expertise for the treatment of movement disorders. Saniona previously announced the planned acquisition and its ownership stake in December 2020. ....

United States , Trista Morrison , Cadent Novartis Press , Atlas Venture Inc , Cadent Therapeutics , Chief Scientific Officer , Atlas Venture , Luc Therapeutics , Chief Communications Officer , Nasdaq Stockholm Small , Novartis Press Release , Up Front , ஒன்றுபட்டது மாநிலங்களில் , ட்ரிஸ்டா மோரிசன் , அட்லஸ் துணிகர இன்க் , தலைமை அறிவியல் அதிகாரி , அட்லஸ் துணிகர , லூக் சிகிச்சை , தலைமை தகவல்தொடர்புகள் அதிகாரி , நாஸ்டாக் ஸ்டாக்‌ஹோல்ம் சிறிய , நோவர்த்திச் ப்ரெஸ் வெளியீடு , மேலே முன் ,

Cadent Therapeutics Acquired by Novartis for Up to $770 Million | Rothwell, Figg, Ernst & Manbeck, P.C.


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Cadent Therapeutics, a Cambridge, Massachusetts-based, privately held clinical stage biopharmaceutical company focused on the development of therapies for the treatment of cognitive, mood, and movement disorders, announced on December 17, 2020, that Novartis will acquire all of the outstanding capital stock of Cadent Therapeutics. Upon the closing of the agreement, Cadent will receive a $210 million upfront payment and will be eligible for up to $560 million in milestone payments, for a total potential consideration of $770 million.
The acquisition will give Novartis full rights to Cadent’s neuroscience portfolio, including its NMDAr program, which consists of two clinical programs: CAD-9303, a NMDAr positive allosteric modulator, and CAD-9271/MIJ-821, a NMDAr negative allosteric modulator, which was licensed to Novartis in 2015. Additionally, Novartis will gain full rights to CAD-1883, a clinical stage SK chan ....

United Kingdom , United States , Jodie Morrison , Cadent Therapeutics , Chief Executive Officer , ஒன்றுபட்டது கிஂக்டம் , ஒன்றுபட்டது மாநிலங்களில் , ஜோடி மோரிசன் , தலைமை நிர்வாகி அதிகாரி ,

Slater Technology Fund-backed company to be acquired by Novartis


Slater Technology Fund-backed company to be acquired by Novartis
A SLATER TECHNOLOGY FUND-backed company, Cadent Therapeutics, has entered into an agreemnt to be acquired by Novartis in a deal worth up to $770 million.
PROVIDENCE – The Cambridge, Mass.-based company Cadent Therapeutics has entered into an agreement to be acquired by Novartis in a deal worth up to $770 million, Slater Technology Fund announced Friday. The company was formed through a merger with the Slater Technology Fund-backed company Mnemosyne Pharmaceuticals. Mnemosyne developed a drug-discovery program targeting the creation of…
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Rhode Island , United States , United Kingdom , Jodie Morrison , Richard Horan , Thorne Sparkman , Frank Menniti , Slater Technology , Slater Technology Fund , Mnemosyne Pharmaceuticals , Cadent Therapeutics , Slater Technology Fund Backed , Mindimmunue Therapeutics , Luc Therapeutics , Click Here , ரோட் தீவு , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , ஜோடி மோரிசன் , ரிச்சர்ட் ஹொரன் , முள் ஸ்பார்க்மேன் , ஸ்லேட்டர் தொழில்நுட்பம் , ஸ்லேட்டர் தொழில்நுட்பம் நிதி , லூக் சிகிச்சை , கிளிக் செய்க இங்கே ,