Addex sees up to $900 million in sales of drug to treat PD-LID

5 August 2015

Addex Therapeutics (ADXN: SIX) on Wednesday said it sees sales of up to $900 million from its drug candidate to treat involuntary movements induced by prolonged intake of treatment of levodopa in Parkinson's patients.

The Switzerland-based biopharmaceutical company said it has filed an application with the US Food and Drug Administration for orphan drug status for its dipraglurant for Parkinson's disease levodopa induced dyskinesia (PD-LID).

Bob Pooler, chief executive of medical research firm, valuationLAB, said: "Addex new strategy to focus on rare neurological disorders has the promise to unlock this value for shareholders in a short time frame and with modest additional investment."

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