Addex Therapeutics signs deal with Pierre Fabre in CNS field
Swiss drugmaker Addex Therapeutics (ADXN: SIX) on Tuesday said it has signed an early stage agreement with French privately-held pharma firm Pierre Fabre in the field of central nervous system (CNS).
The company said Pierre Fabre will conduct chemistry, pharmacology and ADME (Absorption, Distribution, Metabolism and Excretion), while Addex will support the project with its proprietary in vitro pharmacological assay platform. No financial details were disclosed.
Tim Dyer, chief executive of Addex, said: "This agreement represents a strong validation of our discovery platform and highlights the value of Addex' proprietary expertise in allosteric modulator drug discovery."
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