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Executive Summary

Third OX2R agonist extending the orexin franchise into neuropsychiatric disorders

ORX489

OX2R · OX2R agonist
Preclinical (IND-enabling) Partnered with Nxera Pharma

Target: OX2R

Full NameOrexin Receptor 2
PathwayOrexin/Hypocretin signaling

Mechanism of Action

TypeSelective OX2R agonist (small molecule)
DescriptionThird-generation OX2R agonist with a profile optimized for neuropsychiatric indications
Indications: Neuropsychiatric disorders

Target Biology

ORX489 targets the same OX2R receptor but is designed for neuropsychiatric conditions. Orexin signaling modulates motivation, reward, mood, and stress responses beyond its role in sleep-wake regulation.

Clinical Data

No clinical trial data available.

Market Opportunity

Catalysts & Upcoming Events

EventTimingImportanceKey Metrics to WatchConsensus
First-in-human clinical studies2026mediumIND filing and FIH study design
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