Ovid Looks To Epilepsy – And Beyond – For Candidate OV350

 
• By Alaric DeArment
  
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Ovid anticipates its deal to sell part of its interest in soticlestat milestones and royalties to Ligand will take it through 2026, while it looks to develop its KCC2-targeting OV350 for psychiatric disorders.

Ovid announced its third quarter 2023 earnings • Source: Shutterstock

Ovid Therapeutics, Inc. is expanding its research and development efforts beyond its historical focus on seizure disorders and into areas such as psychiatric disorders and pain, the company highlighted during its third quarter sales and earnings call, building from the library of KCC2-targeting drugs that it acquired from AstraZeneca PLC after selling its interest in soticlestat back to Takeda Pharmaceutical Co. Ltd.

New York-based Ovid announced its Q3 financials on 3 November, reporting $109,000 in revenue and cash, cash equivalents and marketable...

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