Teva announces recruitment completion of Phase III clinical Study of mdc-TJK/Olanzapine LAI

Teva Pharmaceutical Industries announced the successful completion of the enrollment in the EU and US of the anticipated 640 participants of the ongoing Phase III clinical trial of mdc-TJK (TEV-44749) at the J.P. Morgan Healthcare Conference

Results of the study are expected in the second half of 2024. mdc-TJK is an investigational once-monthly subcutaneous long-acting injection of the atypical antipsychotic olanzapine for the
treatment of schizophrenia.

It has the potential to be the first long-acting olanzapine with a favorable safety profile. Teva remains fully responsible to lead the development and commercialisation of olanzapine LAI globally.

MedinCell may receive up to $117m in development and commercial milestones during the coming years for mdc-TJK, and is eligible for royalties on all net sales.

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