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FINWIRES

Nxera Pharma to Receive $10 Million Milestone from AbbVie for Neurology Collaboration

-- Nxera Pharma (TYO:4565) said it will receive a $10 million milestone payment from AbbVie under their neurological disease research partnership, according to a Monday filing on the Tokyo Stock Exchange.

The payment marks the third milestone in the collaboration and is tied to the identification of validated drug candidates targeting neurological conditions.

Under the agreement, Nxera is eligible for up to $1.2 billion in total milestones, along with tiered royalties on future sales. The partnership, launched in 2022, uses Nxera's GPCR-focused discovery platform to develop new therapies for unmet neurological needs.

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