Teva to Bid for BioXcel BXCL501 Film in Court-Supervised Sale
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.
Coverage (3)
- BioXcel Therapeutics Enters Into Asset Sale Agreement with Teva Pharmaceuticals (manilatimes.net)
- Teva Pharmaceutical Industries to Bid on BioXcel Therapeutics’ BXCL501 Dexmedetomidine Sublingual Film in Court-Supervised Sale Process (quiverquant.com)
- BioXcel Therapeutics Enters Into Asset Sale Agreement with Teva Pharmaceuticals (globenewswire.com)