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Teva to Bid for BioXcel BXCL501 Film in Court-Supervised Sale

Teva Pharmaceutical Industries logoTeva Pharmaceutical Industries
Sig2.26Sen+2.45Env0.00Soc+0.63Gov+0.61
BioXcel Therapeutics logoBioXcel Therapeutics
Sig3.84Sen-4.87Env0.00Soc-0.07Gov-2.10

BXCL501, a dexmedetomidine sublingual film, is under FDA review for potential at-home treatment of agitation linked to schizophrenia or bipolar I/II in adults. Teva has agreed to act as the stalking horse bidder in a court-supervised auction under U.S. Bankruptcy Code Section 363 to buy related assets, including IGALMI®. Completion depends on bankruptcy court approval, possible higher bids, and closing conditions.

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