U.K. biotech C4XD leaps on $294M addiction drug deal with Indivior

Shares in U.K. biotech C4X Discovery almost doubled today after Reckitt Benkiser spinout Indivior agreed to a $294 million deal for a drug candidate to treat addiction.

Indivior is paying $10 million upfront for global rights to C4X3256, an orexin-1 (OX1) receptor antagonist in preclinical development that C4XD said has potential in just about any form of addiction—including tobacco, opioid analgesic and alcohol—as it targets the feeling of craving itself...