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Ovid Starts Neurology Spree With AstraZeneca Deal

Executive Summary

The company is using proceeds from last year’s handover of its lead epilepsy program to Takeda to fuel a push in neurology development.

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Public Company Edition: The last biopharma IPO in the US was on 17 February and none have been scheduled, so far, for March. Also, another SPAC merger is called off, Travere sells $275m worth of notes and Xeris secures $150m in new debt, while Ovid, Passage Bio and others are cutting jobs. 

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