Axsome Therapeutics has obtained exclusive global rights to AZD7325, a novel oral GABAA receptor α2,3 subtype-selective positive allosteric modulator, through the acquisition of 100% equity interest in Baergic Bio, Inc., a subsidiary of Avenue Therapeutics. The deal includes commercial, development, and manufacturing rights to AZD7325, which has shown anti-convulsant effects in preclinical seizure models and demonstrated a favorable safety and tolerability profile in clinical studies involving over 700 patients. Baergic Bio shareholders will receive a $0.3 million upfront payment, with potential development, regulatory, and sales-based milestone payments, as well as tiered royalties on global net sales. AstraZeneca, the original licensor, will receive a cash upfront payment in the single digit millions, additional milestone payments, and tiered royalties. Axsome plans to advance AZD7325 into Phase 2 trial-enabling activities for epilepsy in 2026.