Regulatory News:
Medincell (Paris:MEDCL):
Teva Handok announced today that UZEDY, Long-Acting Injectable Risperidone for Schizophrenia, has received regulatory approval from the South Korean Ministry of Food and Drug Safety.
UZEDY will be distributed in South Korea by Teva Handok, a joint venture between Teva, Medincell's partner, and Handok, a leading South Korean healthcare company.
Following its US approval in May 2023, UZEDY has demonstrated strong commercial performance, reaching $117 million in net sales in 2024, and already $95 million in the first half of 2025.
Medincell receives mid- to high-single digit royalties on all worldwide sales and remains eligible for up to $105 million of commercial milestones payments.
Christophe Douat, CEO of Medincell said: "We are delighted to see UZEDY receive regulatory approval in South Korea, further strengthening the strong commercial momentum observed in the United States since its launch in 2023. More patients living with schizophrenia will now be able to benefit from UZEDY and its unique features, which position it as the treatment of choice."
About Medincell
Medincell is a clinical and commercial-stage biopharmaceutical licensing company developing long-acting injectable drugs in many therapeutic areas. Our innovative treatments aim to guarantee compliance with medical prescriptions, to improve the effectiveness and accessibility of medicines, and to reduce their environmental footprint. They combine active pharmaceutical ingredients with our proprietary BEPO technology which controls the delivery of a drug at a therapeutic level for several days, weeks or months from the subcutaneous or local injection of a simple deposit of a few millimeters, entirely bioresorbable. We collaborate with leading pharmaceutical companies and foundations to improve global health through new treatment options. Based in Montpellier, Medincell currently employs more than 140 people representing more than 25 different nationalities.
www.medincell.com
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Contacts:
David Heuzé
Head of Corporate and Financial Communications, and ESG
david.heuze@Medincell.com +33 (0)6 83 25 21 86
Grace Kim
Chief Strategy Officer, U.S. Finance
grace.kim@medincell.com +1 (646) 991-4023
Nicolas Mérigeau Arthur Rouillé
Media Relations
Medincell@newcap.eu +33 (0)1 44 71 94 94
Louis-Victor Delouvrier Alban Dufumier
Investor Relations France
Medincell@newcap.eu +33 (0)1 44 71 94 94
