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Avenue Therapeutics has agreed to sell its majority-owned subsidiary, Baergic Bio, and the global rights to BAER-101 (also known as AZD7325) to Axsome Therapeutics. BAER-101 is a novel oral GABAA α2,3 subtype-selective receptor PAM, which was originally licensed by Baergic from AstraZeneca. Axsome intends to evaluate the compound as a potential treatment for epilepsy.
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