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Teva Bids to Buy BioXcel Neuroscience Assets in Up to $125m Deal

Teva Pharmaceutical Industries logoTeva Pharmaceutical Industries
Sig3.35Sen+2.68Env0.00Soc+0.73Gov+0.55
BioXcel Therapeutics logoBioXcel Therapeutics
Sig4.20Sen-4.35Env0.00Soc+0.30Gov-3.00

Teva Pharmaceuticals has offered up to $125m to acquire neuroscience assets from BioXcel Therapeutics in a court-supervised Chapter 11 auction. Teva is the stalking horse bidder, with $57.5m upfront plus up to $67.5m tied to FDA approval timing and sales milestones. If it loses, Teva would receive a break-up fee and expense reimbursement, alongside $19m debtor-in-possession financing to support the process.

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