Nxera Pharma celebrates milestone in schizophrenia treatment partnership

The successful completion of the preclinical toxicity program for NBI-1117568, an oral M4 receptor agonist, marks a crucial step in its journey toward treating schizophrenia and neuropsychiatric disorders.

As it advances through phase 2 trials, hopes are high for this innovative therapy in addressing critical unmet needs in mental health. The achievement of this milestone, meeting US FDA requirements for safe, chronic dosing, triggers a significant $15 million payment to Nxera (formerly Sosei Group) from Neurocrine.

NBI-1117568 is part of a broader portfolio of novel clinical and preclinical subtype-selective muscarinic M4, M1, and dual M1/M4 receptor agonists developed by Nxera and progressing under a global collaboration established in 2021 with Neurocrine.

Schizophrenia and other neurological diseases

Matt Barnes, EVP, president of Nxera Pharma UK and head of R&D, said: “We are delighted that NBI-1117568 has successfully achieved this important safety development milestone. These results will support the safe, long-term use of this novel clinical candidate, which is consistent with a desired product profile for schizophrenia and other neurological diseases where patients often need therapy over many years.

“We are extremely pleased at the progress being made under our highly productive partnership with Neurocrine and look forward to reporting further progress and upcoming clinical data readouts, including the top-line Phase 2 data on NBI-1117568, which is expected in the second half of 2024.”

Nxera retains rights to develop M1 agonists in Japan, an aspect emphasized by Barnes. The partnership with Neurocrine aims to address major unmet medical needs in neurological disorders by targeting selective activation of M4 and M1 receptors in the brain, offering potential blockbuster treatments.

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