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MedinCell Boosts Funding For Long-Acting Injectables Portfolio

 
• By John Davis

France's long-acting injectables technology company, MedinCell, which is collaborating with Teva on a Phase III long-acting risperidone formulation, has completed an IPO on Euronext Paris, giving a lift to its development plans.  

IPO
• Source: Shutterstock

The French drug delivery technology company MedinCell completed an IPO and listed on Euronext Paris on Oct. 8, attracting funding for its long-acting injectables technology and its portfolio of late-stage products, and complementing the interest of development partners which include Teva Pharmaceutical Industries Ltd. and the Bill & Melinda Gates Foundation.

The over-subscribed IPO raised €30m, an amount which could be increased by €2.5m if an over-allotment option is fully exercised, the company said. The IPO was priced at €7.25 per...

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