Shots:
- Arbormentis to receive $51M upfront in cash and equity in addition to $150M as milestone related to pre-specified development and commercialization milestones along with royalties on any commercialized therapy resulting from the collaboration
- Relmada acquires the development & commercial rights for psilocybin and derivate program from Arbormentis in all Ex-Asia countries, including the US & EU. Additionally, companies collaborate to develop new therapies targeting neurological and psychiatric disorder
- Relmada’s REL-1017 is currently in P-III trial for depression & results is expected from the human abuse potential study for REL-1017 in July’21
Click here to read full press release/ article | Ref: PRNewswire | Image: Relmada
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