BioXcel Therapeutics Agrees To Teva Asset Sale
BioXcel Therapeutics (BTAI) agreed to sell its assets to Teva Pharmaceuticals and filed for Chapter 11 bankruptcy. The deal includes IGALMI and BXCL501. The company secured $19M in financing and plans to seek higher bids. IGALMI remains available, and BXCL501's FDA decision is due November 14. BTAI stock is down 46.30% pre-market.
