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Avecho Secures US$3M Upfront in Landmark Sandoz CBD Insomnia Deal
4:45am on Monday 2nd of June, 2025 AEST
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Pharmaceuticals
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Avecho Secures US$3M Upfront in Landmark Sandoz CBD Insomnia Deal
4:45am on Monday 2nd of June, 2025 AEST
Key Points
Exclusive 10-year licensing deal with Sandoz for CBD insomnia capsule in Australia
US$3 million upfront payment received, plus US$16 million in development milestones
Tiered royalties of 14% to 19% on net sales post-commercialisation
Phase III clinical trial progressing with new sites added, interim analysis targeted in 2025
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