Ovid sells future ganaxolone royalties to Immedica for $7.0M cash

Ovid Therapeutics Inc.

Immedica pays $7.0M to acquire 100% of Ovid's royalty rights on ganaxolone sales outside China.
Ovid recorded ~$566K in ganaxolone royalty revenue in 2024; deal provides non-dilutive funding.
Immedica also obtains additional ganaxolone IP rights and assumes future IP costs.
Transaction expands Immedica's control of ganaxolone; no impact on Ovid's pipeline.
Amended license expected within six months to broaden field and territory.

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