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BioXcel files for Chapter 11, will sell assets to Teva (BTAI:NASDAQ)

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  • BioXcel Therapeutics (BTAI) filed for Chapter 11 and agreed to sell substantially all of its assets, with Teva Pharmaceuticals (TEVA) serving as the stalking horse bidder.
  • The assets include BioXcel’s IGALMI treatment and its pending BXCL501 application for potential at-home
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