AstronauTx exercises option from Saniona to acquire worldwide rights to neurological disease program under research collaboration

  • Development candidate ATX0926 enters IND-enabling stage of development expanding AstronauTx’s pipeline of therapies targeting sleep biology
  • Represents the successful outcome of a multi-year scientific collaboration between AstronauTx and Saniona
  • Saniona receives shares in AstronauTx with a value of US$5 million

London, UK and Copenhagen, Denmark, 10 August 2026 – Saniona (OMX: SANION), a clinical-stage biopharmaceutical company focused on neurological and psychiatric disorders, and AstronauTx Ltd (“AstronauTx”), a biotechnology company developing therapeutics to treat neurological disorders by improving sleep architecture, today announce that AstronauTx has exercised its option under the companies’ 2023 Research Collaboration and Option Agreement to secure exclusive worldwide rights to research, develop, manufacture and commercialize therapeutic candidates arising from the collaboration.

Read more…

© Optimum Strategic Communications.