Medincell’s Post

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🚀🚀🚀 Today we announced that we entered into strategic co-development and licensing agreement with AbbVie. This new collaboration marks a pivotal moment in our quest to innovate and lead in the field of long-acting injectable (LAI) therapies. Strategic highlights: > Financial framework: Medincell will receive an upfront payment of $35 million and is eligible for up to $1.9 billion in potential development and commercial milestones, plus royalties on worldwide sales. - Joint Development and Commercialization: Medincell and AbbVie will co-develop, and AbbVie will commercialize up to six cutting-edge long-acting injectables (LAI). - Progress on Development: The formulation activities for the first selected LAI program candidate are underway. - Synergistic Alliance: This partnership strategically combines Medincell's leading-edge LAI technology and development expertise with AbbVie’s comprehensive clinical development and commercialization capabilities. Press release: https://lnkd.in/efqtdCCQ #StrategicPartnership #Innovation #Healthcare #Medincell

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Un grand bravo à MedinCell et toute l'équipe projet !!!

E. Louise Lagerqvist PhD, MBA

Business Development & Licensing Professional

3mo

Fantastic news! Am amazing achievement by the awesome MedinCell team!

Céline Puech

Implementation IT Project Manager @Boomi Professional Services & Lead of the Sustainability Circle ERG

3mo

Good job Sebastien Enault 👏 🎉

Antoine de Lachaux

Head of Life Science Unit - European Investment Bank

3mo

Congratulation Medincell and Christophe Douat for this major milestone. Very proud to have Medincell in the EIB’s VD portfolio !

Eric Dessertenne

Chief Executive Officer at Biocorp

3mo

Congrats - a fair payback for a great company following a clear strategy over the years !

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Sacha Pouget

IR / Relations Investisseurs, Biotech & Medtech, Analyse stratégique, RP / PR, Communication, Marketing

3mo

Congratulations to all the team Medincell. What a great deal ! 👏

Francis CARVIN

Biotech engineer and product manager

3mo

Wonderful news ! Congrats !

Simon Galer

Business Development Manager @ MedinCell | MBA/MS, Out-licensing

3mo

Amazing news!! Congrats!

🧪 Christophe Parsy, Ph.D, MBA

Head of Medicinal Chemistry @ Oncodesign Services | Executive MBA

3mo

Well done Medincell’ team and Seb 👍

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