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LifeCell

Full company profile

uuid0007mvz

Namestring
LifeCell
Legal namestring
AbbVie Inc.
Websiteurl
lifecell.com
Company typeenum
Public
Founded yearint
2013
Descriptiontext

AbbVie is a global publicly traded biopharmaceutical company (NYSE: ABBV) headquartered in North Chicago, Illinois, founded in 2013 as a spin-off from Abbott Laboratories. The company discovers, develops, and commercializes prescription pharmaceutical products across five core therapeutic areas: immunology, oncology, neuroscience, eye care, and aesthetics. Its innovation platform spans small molecules, biologics, antibody-drug conjugates (ADCs), precision medicine, and genomics-based approaches, with 75% of its medicines described as first-in-kind. The aesthetics franchise is operated through the wholly-owned Allergan Aesthetics subsidiary, acquired in 2020.

AbbVie generates revenue primarily through prescription pharmaceutical product sales distributed globally across 180+ countries and territories via direct commercial operations, hospital systems, retail pharmacies, and patient assistance programs. Its go-to-market relies on pharmaceutical sales representatives targeting physicians, hospitals, and clinics, with distribution requiring physician authorization. The company supplements its proprietary R&D with 250+ active external innovation partnerships and a corporate venture arm (AbbVie Ventures) to source pipeline assets. A U.S. patient assistance program (My AbbVie) provided free medicine to 210K+ qualifying patients in 2025.

The company operates at significant scale with approximately 57,000 employees globally, 56% of whom are women as of December 2025. It reported FY2025 revenue of $56.3 billion USD, supports 250+ active external innovation partnerships, and has achieved a 39% reduction in absolute Scope 1 and 2 GHG emissions versus a 2021 baseline. Branding and cause-marketing initiatives include partnerships with the Chicago Cubs and Major League Baseball, supporting patient and healthcare provider engagement across global markets.

Short descriptiontext

AbbVie is a global biopharmaceutical company that discovers, develops, and commercializes prescription medicines across immunology, oncology, neuroscience, eye care, and aesthetics, serving healthcare providers and patients in 180+ countries.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersBridgewater, United States
HQ citystring
Bridgewater
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
biopharmaceutical medicines, prescription pharmaceuticals, drug development, therapeutic research, patient assistance programs
Industry2 codes
1Ophthalmology Pharmaceuticals
CodeHLAIAAALPrimaryYes
2Ophthalmology Specialty Pharmaceuticals
CodeHLAIACAKPrimaryNo
NAICS code3 codes
  • Pharmaceutical Preparation Manufacturing325412
  • Biological Product (except Diagnostic) Manufacturing325414
  • Pharmaceutical and Medicine Manufacturing3254
SIC code2 codes
  • Pharmaceutical Preparations2834
  • Biological Products, (No Disgnostic Substances)2836
Product category
Biopharmaceuticals
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Pharmaceutical Product Sales
TypeOthers
Description

AbbVie generates revenue primarily through the sale of prescription pharmaceutical products across therapeutic areas including immunology, oncology, neuroscience, eye care, and aesthetics. Products are distributed through pharmacy channels globally with revenue driven by volume and pricing across government and commercial payors.

abbvie.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure
Pricing details1 tier
1Patient Assistance Programs
ModelOtherBilling cadenceOther
Notes

AbbVie provides patient assistance programs including medicine at no cost for qualifying patients - 210K+ U.S. patients provided medicine at no cost in 2025

abbvie.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 record
1Allergan Aesthetics
Description

Medical aesthetics and cosmetic products division of AbbVie

abbvie.com
Core offering1 text field

LifeCell discovers, develops, manufactures, and commercializes prescription biopharmaceutical medicines across therapeutic areas including immunology, oncology, neuroscience, eye care, and aesthetics. Products are distributed globally through prescription-based pharmaceutical channels to healthcare providers, hospitals, and retail pharmacies in 180+ countries, with patient assistance programs supporting access for qualifying patients.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 180+ countries and territories served
+2 more records
Product and service6 records
1Allergan Aesthetics
CategoryAesthetics
Description

Medical aesthetics and cosmetic products division acquired in 2020, addressing the aesthetics therapeutic area within LifeCell's portfolio.

2Immunology Therapeutics
CategoryImmunology
Description

Prescription pharmaceutical products for the treatment of autoimmune and immunological diseases.

3Oncology Therapeutics
CategoryOncology
Description

Prescription pharmaceutical products for the treatment of cancer, including next-generation antibody-drug conjugate (ADC) technology for targeted cancer treatment.

4Neuroscience Therapeutics
CategoryNeuroscience
Description

Prescription pharmaceutical products for the treatment of neurological disorders.

5Eye Care Therapeutics
CategoryEye Care
Description

Prescription pharmaceutical products for the treatment of eye conditions.

6Contract Manufacturing Services
CategoryPharmaceutical Manufacturing Services
Description

Pharmaceutical contract manufacturing services offered to enterprise customers for the production of drug products.

Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

AbbVie maintains 250+ active external innovation partnerships for conducting groundbreaking science to discover and develop transformational medicines across therapeutic areas.

Strategic tierMinorTypeGTM or Marketing Partner
Description

Brand partnership with Chicago Cubs Major League Baseball team for marketing and brand awareness initiatives.

Strategic tierMinorTypeGTM or Marketing Partner
Description

Brand partnership with Major League Baseball organization for marketing and brand awareness initiatives.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Direct peer in immunology and oncology with global branded Rx model — competes for the same immunology patient pool and faces similar IRA/pricing dynamics.

TypeDirect peer
Description

Swiss biopharma with major oncology, immunology, and ophthalmology franchises — directly comparable in biologics depth, ophthalmology presence, and global commercial reach.

TypeDirect peer
Description

Global biopharmaceutical company of comparable scale with diversified Rx franchises across oncology, immunology, vaccines, and primary care — overlapping therapeutic areas, global commercial footprint, and branded-innovator business model.

TypeDirect peer
Description

Diversified pharma major with immunology (Stelara, Tremfya), oncology, and neuroscience assets — directly competitive in immunology and oncology, with a similar global Rx distribution model.

TypeDirect peer
Description

Large-cap biopharma with leading oncology and vaccines franchises and a global Rx commercial model — comparable scale, therapeutic-area diversification, and innovator-driven pipeline.

TypeDirect peer
Description

Innovator pharma peer with overlapping immunology, oncology, and neuroscience exposure and a comparable branded biologics / specialty commercial model.

TypeDirect peer
Description

Global branded-innovator pharma with overlapping presence in immunology, oncology, and ophthalmology — similar enterprise sales model and biosimilar exposure.

TypeDirect peer
Description

Diversified European pharma with immunology (Dupixent), vaccines, and rare-disease franchises — directly competitive in immunology and operates a comparable global Rx model.

TypeDirect peer
Description

Global biopharma with branded Rx across specialty medicines, vaccines, and HIV — comparable scale, therapeutic breadth, and exposure to pricing reform in U.S. and Europe.

TypeDirect peer
Description

Biologics-heavy innovator peer with leading presence in immunology and oncology — directly comparable in branded biologic commercial model and biosimilar competitive dynamics.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature6 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

LifeCell

Biopharmaceuticalslifecell.com

AbbVie is a global biopharmaceutical company that discovers, develops, and commercializes prescription medicines across immunology, oncology, neuroscience, eye care, and aesthetics, serving healthcare providers and patients in 180+ countries.

What LifeCell does

AbbVie is a global publicly traded biopharmaceutical company (NYSE: ABBV) headquartered in North Chicago, Illinois, founded in 2013 as a spin-off from Abbott Laboratories. The company discovers, develops, and commercializes prescription pharmaceutical products across five core therapeutic areas: immunology, oncology, neuroscience, eye care, and aesthetics. Its innovation platform spans small molecules, biologics, antibody-drug conjugates (ADCs), precision medicine, and genomics-based approaches, with 75% of its medicines described as first-in-kind. The aesthetics franchise is operated through the wholly-owned Allergan Aesthetics subsidiary, acquired in 2020.

AbbVie generates revenue primarily through prescription pharmaceutical product sales distributed globally across 180+ countries and territories via direct commercial operations, hospital systems, retail pharmacies, and patient assistance programs. Its go-to-market relies on pharmaceutical sales representatives targeting physicians, hospitals, and clinics, with distribution requiring physician authorization. The company supplements its proprietary R&D with 250+ active external innovation partnerships and a corporate venture arm (AbbVie Ventures) to source pipeline assets. A U.S. patient assistance program (My AbbVie) provided free medicine to 210K+ qualifying patients in 2025.

The company operates at significant scale with approximately 57,000 employees globally, 56% of whom are women as of December 2025. It reported FY2025 revenue of $56.3 billion USD, supports 250+ active external innovation partnerships, and has achieved a 39% reduction in absolute Scope 1 and 2 GHG emissions versus a 2021 baseline. Branding and cause-marketing initiatives include partnerships with the Chicago Cubs and Major League Baseball, supporting patient and healthcare provider engagement across global markets.

LifeCell firmographics

Firmographics
Name
LifeCell
Legal name
AbbVie Inc.
Website
https://lifecell.com
Company type
Public
Founded year
2013
Operating status
Operating
Headcount range
501–1,000 employees
Short description
AbbVie is a global biopharmaceutical company that discovers, develops, and commercializes prescription medicines across immunology, oncology, neuroscience, eye care, and aesthetics, serving healthcare providers and patients in 180+ countries.
Ownership category
akta.pro rank

LifeCell industry classification

Industry
Product category
Biopharmaceuticals
NAICS
Pharmaceutical Preparation Manufacturing (325412), Biological Product (except Diagnostic) Manufacturing (325414), Pharmaceutical and Medicine Manufacturing (3254)
SIC
Pharmaceutical Preparations (2834), Biological Products, (No Disgnostic Substances) (2836)
akta.pro primary industry
Ophthalmology Pharmaceuticals (HLAIAAAL)
akta.pro secondary industry
Ophthalmology Specialty Pharmaceuticals (HLAIACAK)

Keywords

  • Biopharmaceutical medicines
  • Prescription pharmaceuticals
  • Drug development
  • Therapeutic research
  • Patient assistance programs

Where LifeCell is headquartered

Location

Headquarters

HQ city
Bridgewater
HQ country
United States
HQ region
North America

Offices1 record

Markets served

LifeCell business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

  1. Pharmaceutical Product Sales: AbbVie generates revenue primarily through the sale of prescription pharmaceutical products across therapeutic areas including immunology, oncology, neuroscience, eye care, and aesthetics. Products are distributed through pharmacy channels globally with revenue driven by volume and pricing across government and commercial payors.

Pricing tiers

ModelBillingPrice
OtherOtherPatient Assistance Programs

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

LifeCell product offering

Product offering

Core offering

LifeCell discovers, develops, manufactures, and commercializes prescription biopharmaceutical medicines across therapeutic areas including immunology, oncology, neuroscience, eye care, and aesthetics. Products are distributed globally through prescription-based pharmaceutical channels to healthcare providers, hospitals, and retail pharmacies in 180+ countries, with patient assistance programs supporting access for qualifying patients.

Differentiator

Problem solved

Functional benefit

Brands

  • Allergan Aesthetics: Medical aesthetics and cosmetic products division of AbbVie

Products and services

  • Allergan Aesthetics Medical aesthetics and cosmetic products division acquired in 2020, addressing the aesthetics therapeutic area within LifeCell's portfolio.
  • Immunology Therapeutics Prescription pharmaceutical products for the treatment of autoimmune and immunological diseases.
  • Oncology Therapeutics Prescription pharmaceutical products for the treatment of cancer, including next-generation antibody-drug conjugate (ADC) technology for targeted cancer treatment.
  • Neuroscience Therapeutics Prescription pharmaceutical products for the treatment of neurological disorders.
  • Eye Care Therapeutics Prescription pharmaceutical products for the treatment of eye conditions.
  • Contract Manufacturing Services Pharmaceutical contract manufacturing services offered to enterprise customers for the production of drug products.

Quantifiable outcome

  • 180+ countries and territories served
  • +2 more outcomes

Companies that use LifeCell

Customer profile

Named customers1 record

Segments1 record

Ideal customer profiles2 records

LifeCell technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature6 records

LifeCell partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core and minor.

  • 250+ External Innovation PartnerscoreStrategic or Co-development PartnerAbbVie maintains 250+ active external innovation partnerships for conducting groundbreaking science to discover and develop transformational medicines across therapeutic areas.
  • Chicago CubsminorGTM or Marketing PartnerBrand partnership with Chicago Cubs Major League Baseball team for marketing and brand awareness initiatives.
  • Major League BaseballminorGTM or Marketing PartnerBrand partnership with Major League Baseball organization for marketing and brand awareness initiatives.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

LifeCell competitors and assessment

Company assessment

Direct peers

  • Bristol-Myers Squibb: Direct peer in immunology and oncology with global branded Rx model — competes for the same immunology patient pool and faces similar IRA/pricing dynamics.
  • Roche: Swiss biopharma with major oncology, immunology, and ophthalmology franchises — directly comparable in biologics depth, ophthalmology presence, and global commercial reach.
  • Pfizer: Global biopharmaceutical company of comparable scale with diversified Rx franchises across oncology, immunology, vaccines, and primary care — overlapping therapeutic areas, global commercial footprint, and branded-innovator business model.
  • Johnson & Johnson (Innovative Medicine): Diversified pharma major with immunology (Stelara, Tremfya), oncology, and neuroscience assets — directly competitive in immunology and oncology, with a similar global Rx distribution model.
  • Merck & Co. Large-cap biopharma with leading oncology and vaccines franchises and a global Rx commercial model — comparable scale, therapeutic-area diversification, and innovator-driven pipeline.
  • Eli Lilly: Innovator pharma peer with overlapping immunology, oncology, and neuroscience exposure and a comparable branded biologics / specialty commercial model.
  • Novartis: Global branded-innovator pharma with overlapping presence in immunology, oncology, and ophthalmology — similar enterprise sales model and biosimilar exposure.
  • Sanofi: Diversified European pharma with immunology (Dupixent), vaccines, and rare-disease franchises — directly competitive in immunology and operates a comparable global Rx model.
  • GSK: Global biopharma with branded Rx across specialty medicines, vaccines, and HIV — comparable scale, therapeutic breadth, and exposure to pricing reform in U.S. and Europe.
  • Amgen: Biologics-heavy innovator peer with leading presence in immunology and oncology — directly comparable in branded biologic commercial model and biosimilar competitive dynamics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

LifeCell social profiles

Digital presence

LifeCell financial estimates

Financial estimate

Revenue estimate

Valuation estimate

LifeCell leadership team

Management profile

Number of profiles

LifeCell subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

LifeCell funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

LifeCell M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LifeCell

What does LifeCell do?

LifeCell discovers, develops, manufactures, and commercializes prescription biopharmaceutical medicines across therapeutic areas including immunology, oncology, neuroscience, eye care, and aesthetics. Products are distributed globally through prescription-based pharmaceutical channels to healthcare providers, hospitals, and retail pharmacies in 180+ countries, with patient assistance programs supporting access for qualifying patients.

Is LifeCell a public or private company?

LifeCell is a public company. It is classified as public and is currently operating.

When was LifeCell founded?

LifeCell was founded in 2013. It employs 501 to 1,000 people.

Where is LifeCell based?

LifeCell is headquartered in Bridgewater, United States, in the North America region.

How does LifeCell make money?

One revenue line is on record: pharmaceutical Product Sales.

Who are LifeCell's main competitors?

Direct peers on record are Bristol-Myers Squibb, Roche, Pfizer, Johnson & Johnson (Innovative Medicine), Merck & Co., Eli Lilly, Novartis, Sanofi, GSK and Amgen.

Does LifeCell have an API?

No public API is recorded for LifeCell.

What industry is LifeCell in?

LifeCell's product category is Biopharmaceuticals. Its primary akta.pro industry code is HLAIAAAL, Ophthalmology Pharmaceuticals, with a secondary code of HLAIACAK, Ophthalmology Specialty Pharmaceuticals. Its NAICS code is 325412 and its SIC code is 2834.

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Live signals
openPR.comCritical Limb Ischemia Market: High-Growth Opportunities for Investors to 2034 - DelveInsight | Baxter, Ixaka, Hemostemix Inc., Caladrius Biosciences, Vericel Corporation, Helixmith, Lifecells, LLCDelveInsight published a market research report on Critical Limb Ischemia, valued at approximately USD 1,845 million in 2023, projecting significant growth through 2034 driven by increasing disease prevalence and a rich pipeline of emerging therapies.Inventurelifecell and DVL Invest $20 Million in Batteries and Millions More in PON InfrastructureDVL Group, which owns lifecell, Datagroup-Volia, and Ukrtower, has allocated $20 million for batteries at base stations as part of continued large-scale investment in Ukraine's telecom infrastructure, having previously secured $435 million in financing from the EBRD and IFC. Total investments in energy resilience have exceeded UAH 2 billion, with nearly 33,000 lithium batteries purchased in 2024 and nearly $2 million invested in PON technology since early 2025. Lifecell reported 2025 revenue growth of 18.7% to UAH 15.9 billion with profit of nearly UAH 6 billion, though the group expects single-digit growth in 2026 due to rising electricity prices and infrastructure costs.PR NewswireGlobal Hernia Repair Market Review & Forecast, 2015-2023 with Analysis of Supplier Revenues & Market SharesResearchAndMarkets announced the release of a comprehensive market research report covering the global hernia repair market, with forecasts from 2015 through 2023. The report analyzes current market size, competitive landscape, supplier revenues, market shares, and emerging technologies including hernia mesh products across multiple geographies. Key competitors covered in the report include major medical device companies such as Allergan/LifeCell, B. Braun, Becton Dickinson/Bard, Integra, Johnson & Johnson, Medtronic, and W.L. Gore.PR NewswireEurope Soft Tissue Reinforcement and Regeneration Market Report 2018 - Unit Sales, ASPs, Market Value & Growth TrendsResearchAndMarkets released its 2018 market report suite covering the European soft tissue reinforcement and regeneration market, which includes graft devices for applications such as breast reconstruction, hernia repair, dural repair, vaginal slings, skin repair, sports medicine, and dental tissue regeneration. The report provides unit sales, average selling prices, market values, growth trends, drivers, limiters, and competitive analysis across Germany, France, United Kingdom, Italy, Spain, Benelux, Scandinavia, Austria, Switzerland, and Portugal. Key companies analyzed in the competitive sections include Covidien, Ethicon, C.R. Bard, Integra LifeSciences, LifeCell, Aesculap/B. Braun, Systagenix, Medskin, Cook Medical, American Medical Systems, and Boston Scientific.PR NewswireAllergan Successfully Completes LifeCell AcquisitionAllergan plc has completed the acquisition of LifeCell Corporation for approximately $2.9 billion in cash, marking its entry into the regenerative medicine sector. The deal integrates LifeCell's portfolio of dermal matrix products and manufacturing capabilities into Allergan's aesthetic and plastic surgery business. Allergan plans to include LifeCell's financial results in its fourth quarter and full year 2016 earnings report.PR NewswireAllergan to Acquire Acelity L.P. Inc.'s LifeCell Corporation for $2.9 BillionAllergan plc has entered into a definitive agreement to acquire LifeCell Corporation, a regenerative medicine subsidiary of Acelity L.P. Inc., for $2.9 billion in cash. The transaction is expected to close in the first half of 2017, subject to regulatory approvals, and aims to combine Allergan's aesthetics portfolio with LifeCell's tissue matrix products to create a leading aesthetic and regenerative medicine business.PR NewswireTELA Bio Announces Settlement of Litigation with LifeCellTELA Bio, Inc. announced on November 21, 2016 that it has settled all litigations and disputes with LifeCell, with all pending state and federal court actions dismissed and terms remaining confidential. The settlement permits TELA Bio to continue manufacturing and selling its OviTex portfolio of products for ventral hernia repair and abdominal wall reconstruction. CEO Antony Koblish stated that with the litigation resolved, TELA Bio can now focus on advancing its commercial plan and product pipeline, following FDA 510(K) clearance for OviTex RBSs granted in July 2016.GlobeNewswireHigh Growth in the European Breast Reconstruction Market due to Successful Biologic Products; Led by LifeCellThe European breast reconstruction market grew in 2014, driven by tissue expander/implant products and biologic matrices. LifeCell led with nearly 70% market share, primarily due to its Strattice product. Adoption of biologics is limited by reimbursement reductions across Europe.GlobeNewswireLifeCell Leads the Way as Biologic Regeneration Products Gain U.S. Market TractioniData Research forecasts biologic regeneration products will outperform synthetic alloplast in U.S. hernia repair, citing over one million procedures in 2014. LifeCell leads the soft tissue reinforcement market with two top-selling biological products. The report also notes synthetic companies are releasing biologic soft tissue products.GlobeNewswireNOVADAQ Announces Transfer of SPY(R) Elite Business From LifeCell CorporationNovadaq and LifeCell agreed to transfer all marketing and distribution rights to the SPY Elite System from LifeCell to Novadaq, effective November 30, 2014. Novadaq will pay LifeCell $4.5 million on the effective date, and the transfer includes immediate non-exclusive rights to distribute in interventional and vascular fields.