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Neurizon Therapeutics (ASX:NUZ) has this week arrived at its next “watershed moment” as it looks to become a leader in neurodegenerative disease treatments, executing a global license agreement with Elanco Animal Health Inc.
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The deal will see Elanco and its affiliates share Monepantel, the active pharmaceutical ingredient in Neurizon’s flagship therapy, NUZ-001, moving forward.
“There’s no two ways about it – this Elanco licensing deal is a watershed moment for this company,” Neurizon CEO Dr Michael Thurn told HotCopper in a Watchlist interview. “It’s all about speed, to regulatory approval, to market, but also speed to making NUZ-001 available to people who have few options.”
NUZ has been up around +5% over the last month before this new deal.
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