Teva’s (TEVA) $125 Million BioXcel Bid Offers Upside, but FDA and Auction Risks Remain
Teva (TEVA) agreed to a $125M bid for BioXcel Therapeutics' (BTAI) assets, including Igalmi and BXCL501, with $57.5M upfront and $67.5M in milestones. BioXcel filed for bankruptcy, shares dropped 70%. Teva aims to expand its neuroscience portfolio, following a $700M acquisition in June.


