Medincell announces a strategic partnership with AbbVie to develop up to six innovative therapies leveraging Medincell’s long-acting injectable platform. While Medincell will handle formulation, preclinical studies, and CMC work, AbbVie will lead clinical trials, regulatory approvals, manufacturing, and commercialization. This collaboration includes an initial $35 million payment, with potential milestone payments and royalties of up to $1.9 billion.
Additionally, Medincell partners with Teva for the commercialization of UZEDY® and mdc-TJK, utilizing its BEPO® long-acting injection technology. This collaboration may result in milestone payments and royalties totaling up to $222 million. BEPO® technology offers precise drug delivery over extended periods, enhancing treatment compliance, efficacy, and accessibility.
Medincell, a biopharmaceutical company, focuses on developing long-acting injectable drugs to improve patient compliance and drug effectiveness. The company's FDA-approved UZEDY® for schizophrenia, based on the BEPO® technology, is currently marketed by Teva. Learn more about Medincell's groundbreaking progress and collaborations with AbbVie and Teva here: https://lnkd.in/d5D7UuBs
Pauline Marces E. Louise Lagerqvist PhD, MBA Sebastien Enault
Site Project Manager @ Novartis | Isotope Manufacturing & Radiopharmaceuticals
2moGreat list! I would add lack of evolving technology like manufacturing isolators and companies trying to automate TOO much within the process. Some companies are on to the “next iteration” of the process and are finding roadblocks with existing equipment and vendors unable or unwilling to provide improvements or changes. It’s taking a great amount of creative thinking and going back to the drawing board. But those who dare to dream big and push limits will continue to be the leaders of the pack and bring about the next round of radiopharmaceutical drugs.