Medincell Collaborates with AbbVie for the Development of Therapies Across Various Indications
Shots:
- Medincell and AbbVie have entered into a strategic licensing agreement to co-develop & commercialize up to 6 candidates by utilizing Medincell's long-acting injectable technology platform. The 1st LAI program is selected with its formulation underway
- Under the agreement, Medincell is entitled to receive $35M up front, $1.9B development & commercial milestones ($315M each) along with mid-single to low-double-digit net-sales-based royalties
- Furthermore, Medincell will be responsible for formulation activities & preclinical development to advance the candidates into clinical evaluation while AbbVie will fund and handle the clinical development, regulatory approval, manufacturing & commercialization
Ref: Medincell | Image: Medincell
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Disha is a content writer at PharmaShots. She is passionate and curious about recent updates and developments in MedTech and Pharma industry. She covers news related to clinical trial results and updates. She can be contacted at connect@pharmashots.com.