July 22, 2020 -- Orexia announced it will exclusively license the orexin receptor type 2 (OX2R) program from X-Chem for drug discovery.
X-Chem's program comprises multiple novel OX2R-specific small-molecule orexin-positive modulators. Orexia will develop these molecules, will conduct clinical trials with drug candidates derived from the compounds, and will retain exclusive global rights to commercialize any resulting products, according to the companies.
X-Chem received a license payment and is eligible for future payments based on the achievement of specified research and development milestones, as well as royalties on the sale of approved products.