Axovant Announces Formation of Arvelle Therapeutics and Strategic Transition of Legacy Small Molecule Team Into Newly Formed Company
Axon Enterprise, Inc. (AXON)
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investors.axovant.com/investors/sec-filings
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Source: GlobeNewswire
Transition of small molecule expertise to Arvelle completes transformation of Axovant into a company focused exclusively on gene therapiesAxovant will receive a preferred equity stake in Arvelle, which has received commitments of over $100 million in capital from prominent biotechnology investorsArvelle has licensed exclusive European rights to develop and commercialize cenobamate, an anti-epileptic drug developed by SK BiopharmaceuticalsSK Biopharmaceuticals’ New Drug Application (NDA) for cenobamate was accepted by the FDA in February 2019; Arvelle plans to file a Marketing Authorization Application (MAA) for cenobamate NEW YORK and BASEL, Switzerland, Feb. 14, 2019 (GLOBE NEWSWIRE) -- Axovant Sciences (NASDAQ: AXGT), a clinical-stage company developing innovative gene therapies, today announces the formation of Arvelle Therapeutics and the strategic transition of its legacy small molecule team into the newly-formed company. Arvelle has licensed European rights to cenobamate, a
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