Weltruza is the second product to emerge from Teva's partnership with French biotech company Medincell, following Uzedy, a long-acting injectable form of risperidone that received FDA approval in 2023. The new drug uses Medincell's proprietary long-acting injectable technology, designed to release medication over extended periods. According to Teva, the formulation may help address treatment-adherence challenges often seen in schizophrenia and other chronic psychiatric illnesses, where patients may stop taking daily oral medication.
Under the collaboration agreement, Medincell may be eligible for up to $112 million in additional development and commercial milestone payments, as well as royalties on sales of Weltruza. Shares of Teva rose 2% in Tel Aviv trading following the announcement. Medincell shares were suspended at the company's request ahead of the news.