Axsome Therapeutics Purchases Baergic Bio from Avenue Therapeutics
Avenue Therapeutics and Baergic Bio Deal: Avenue Therapeutics has agreed to sell its majority-owned subsidiary Baergic Bio to Axsome Therapeutics, which includes global rights to the epilepsy treatment AXS-17 (formerly BAER-101).
Financial Terms of the Agreement: The deal involves an upfront payment of $0.3M, potential development and sales milestone payments totaling up to $81.5M, and tiered royalties, with Avenue Therapeutics set to receive approximately 74% of future payments and royalties.
Axsome Therapeutics' Market Strategy: Axsome anticipates enhanced market access for its products SYMBRAVO and AUVELITY while continuing to advance its late-stage pipeline.
Axsome's Financial Performance: In its Q3 2025 earnings report, Axsome reported a GAAP EPS of -$0.94, which missed expectations, but its revenue of $171M exceeded forecasts by $8.01M.
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