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Nxera's partner Neurocrine starts Phase 2 trial of schizophrenia drug NBI-1117570, triggering $22.5M milestone payment.

Company Fundamentals
12 Apr 2026
Na
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Bullish
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Nxera Pharma's partner Neurocrine Biosciences has dosed the first patient in a Phase 2 trial of NBI-1117570, an oral drug targeting muscarinic M1/M4 receptors for adults with schizophrenia. This milestone triggers $22.5 million in payments to Nxera, recognized in Q1 FY2026. The trial will enroll about 120 patients to evaluate the drug's efficacy and safety, aiming to address significant unmet needs in schizophrenia treatment. Nxera's proprietary NxWave™ platform discovered the drug, highlighting ongoing collaboration progress.

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