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Birmingham Post

Business

Jon Robinson

Shares in drug maker more then double after agreeing $160m deal

Shares in a clinical stage drug development have more than doubled in value after it revealed a $160.5m deal.

Evgen Pharma, which is listed on AIM and has bases in Liverpool and Wimslow, has licensed the global rights for lead asset SFX-01 in neurodevelopmental disorders and schizophrenia to Stalicla SA.

The Swiss company specialises in the identification of specific phenotypes of autism spectrum disorder (ASD).

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