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On Aug. 26, the Food and Drug Administration accepted Neurocrine Biosciences' investigational new drug application for a Phase 2 study of NBI-1117567 in Alzheimer's cognition. The acceptance triggered a $10 million milestone payment to Nxera Pharma, the company that discovered the compound and licensed it to Neurocrine in 2021, according to Nxera's announcement. Ten million

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