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Catalyst Receives $1.5M in Milestones

After two triggering events for its neuronal nicotinic receptor (NNR) asset TC-6499

Catalyst Biosciences has received $1.5 million in milestone payments following the completion of two triggering events for its neuronal nicotinic receptor (NNR) asset TC-6499, sold in Oct. 2016.    The first milestone payment of $500,000 was received following dosing of the first patient in a clinical trial for TC-6499, and a second milestone payment of $1 million was received for the dosing of the first patient in a Phase 2 clinical trial with TC-6499.   “We are very pleased wit...

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