Nxera Pharma Gains Milestone Payment in Sleep Disorder Collaboration

Sosei Group (JP:4565) has released an update.

Nxera Pharma has received a $3.5 million milestone payment from Centessa Pharmaceuticals following the initiation of a Phase 2 trial for ORX750, a promising treatment for sleep disorders. This achievement reflects Nxera’s strategic investment and collaboration efforts, potentially enhancing its equity value and future revenue through further milestone payments and royalties.

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