Teva: Addition to Neurology Portfolio Strengthens Foothold, Shows Appetite for Deals
Teva will acquire BXCL501 from BioXcel Therapeutics for $57.5 million plus contingent payments of up to $67.5 million. Teva had announced its bid through a court-supervised sale process in August. Shares were up around 1% in Oct. 27 midday trading.