Neuren Pharmaceuticals Limited (AU:NEU) has released an update.
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Neuren Pharmaceuticals is set to receive a significant financial boost as their partner, Acadia Pharmaceuticals, successfully sold a Rare Pediatric Disease Priority Review Voucher for $150 million. Neuren will receive one-third of the net proceeds, enhancing its financial position as it continues to develop treatments for serious neurological disorders. This deal underscores the lucrative potential of Neuren’s collaboration with Acadia and its focus on orphan drug development.
For further insights into AU:NEU stock, check out TipRanks’ Stock Analysis page.
