Truist Securities, a leading U.S. investment bank with deep
expertise in healthcare, has initiated coverage of
Medincell
The Truist Securities equity research team has issued a “Buy”
rating on Medincell, setting a price target of €22, representing a
potential +30% upside from the stock’s closing price
In a report titled “Long-Acting Injectables Are the Future -
Medincell Is the Tech Behind It...”, the analysts wrote: “We
believe Medincell offers one of the best exposures to the emerging
€20B+ long-acting injectable (LAI) market, as the biotech industry
transitions to next-generation drug delivery.”
Regulatory News:
Medincell (Paris:MEDCL):
Christophe Douat, CEO of Medincell, said: “The initiation
of coverage by Truist Securities is a strong endorsement of
Medincell’s potential. It confirms the growing interest in our
company within the U.S. biopharmaceutical ecosystem and
significantly enhances our visibility among American investors.
This milestone aligns perfectly with our strategic objective to
expand our presence in the U.S. market and establish Medincell as a
key player in next-generation therapies.”
Truist Securities’s initiation of coverage comes as Medincell's
first approved and marketed product in the United States, UZEDY® -
a 1-month and 2-month subcutaneous risperidone for schizophrenia -
continues to show strong momentum in 2025, and as Olanzapine LAI, a
1-month subcutaneous formulation of olanzapine, the most prescribed
antipsychotic for schizophrenia in the U.S., remains on track for
an FDA filing in the second half of 2025.
About Truist Securities
Truist Securities is the full-service corporate and investment
banking arm of Truist Financial Corporation, one of the largest
financial institutions in the United States. Founded in 2020
following the merger of SunTrust Robinson Humphrey and BB&T
Capital Markets — as part of the creation of Truist Financial
Corporation — the firm brings decades of experience and sector
expertise. Headquartered in Atlanta, Truist Securities provides
comprehensive capital markets, advisory, and financing solutions to
corporate and institutional clients. With a strong focus on
healthcare, the firm offers strategic guidance, M&A advisory,
debt and equity underwriting, and in-depth equity research.
Learn more:
https://www.truist.com/commercial-corporate-institutional/investment-banking
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. The first treatment based on
BEPO® technology, intended for the treatment of schizophrenia, was
approved by the FDA in April 2023, and is now distributed in the
United States by Teva under the name UZEDY® (BEPO® technology is
licensed to Teva under the name SteadyTeq™). 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.
UZEDY® and SteadyTeq™ are trademarks of Teva Pharmaceuticals
medincell.com
This press release contains forward-looking statements,
including statements regarding Company’s expectations for (i) the
timing, progress and outcome of its clinical trials; (ii) the
clinical benefits and competitive positioning of its product
candidates; (iii) its ability to obtain regulatory approvals,
commence commercial production and achieve market penetration and
sales; (iv) its future product portfolio; (v) its future partnering
arrangements; (vi) its future capital needs, capital expenditure
plans and ability to obtain funding; and (vii) prospective
financial matters regarding our business. Although the Company
believes that its expectations are based on reasonable assumptions,
any statements other than statements of historical facts that may
be contained in this press release relating to future events are
forward-looking statements and subject to change without notice,
factors beyond the Company's control and the Company's financial
capabilities.
These statements may include, but are not limited to, any
statement beginning with, followed by or including words or phrases
such as "objective", "believe", "anticipate", “expect”, "foresee",
"aim", "intend", "may", "anticipate", "estimate", "plan",
"project", "will", "may", "probably", “potential”, "should",
"could" and other words and phrases of the same meaning or used in
negative form. Forward-looking statements are subject to inherent
risks and uncertainties beyond the Company's control that may, if
any, cause actual results, performance, or achievements to differ
materially from those anticipated or expressed explicitly or
implicitly by such forward-looking statements. A list and
description of these risks, contingencies and uncertainties can be
found in the documents filed by the Company with the Autorité des
Marchés Financiers (the "AMF") pursuant to its regulatory
obligations, including the Company's registration document,
registered with the AMF on September 4, 2018, under number I.
18-062 (the "Registration Document"), as well as in the documents
and reports to be published subsequently by the Company. In
particular, readers' attention is drawn to the section entitled
"Facteurs de Risques" on page 26 of the Registration Document.
Any forward-looking statements made by or on behalf of the
Company speak only as of the date they are made. Except as required
by law, the Company does not undertake any obligation to publicly
update these forward-looking statements or to update the reasons
why actual results could differ materially from those anticipated
by the forward-looking statements, including in the event that new
information becomes available. The Company's update of one or more
forward-looking statements does not imply that the Company will
make any further updates to such forward-looking statements or
other forward-looking statements. Readers are cautioned not to
place undue reliance on these forward-looking statements.
This press release is for information purposes only. The
information contained herein does not constitute an offer to sell
or a solicitation of an offer to buy or subscribe for the Company's
shares in any jurisdiction, in particular in France. Similarly,
this press release does not constitute investment advice and should
not be treated as such. It is not related to the investment
objectives, financial situation, or specific needs of any
recipient. It should not deprive the recipients of the opportunity
to exercise their own judgment. All opinions expressed in this
document are subject to change without notice. The distribution of
this press release may be subject to legal restrictions in certain
jurisdictions.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250528695565/en/
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
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