Boehringer Ingelheim signs collaboration and licence agreement with Bridge Biotherapeutics.
M2 EQUITYBITES-July 22, 2019-Boehringer Ingelheim signs collaboration and licence agreement with Bridge Biotherapeutics
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Germany-based Boehringer Ingelheim has signed a new collaboration and licence agreement with Korea-based Bridge Biotherapeutics to produce autotaxin inhibitor BBT-877, intended to treat patients with fibrosing interstitial lung diseases, it was reported on Friday.
Currently, BBT-877 is under phase I clinical studies and is expected to enter phase II testing within one year. The product is the company's autotaxin inhibitor being developed to treat various fibrosing interstitial lung diseases, including idiopathic pulmonary fibrosis.
According to the contract, Bridge Biotherapeutics will receive upfront and near term payments of EUR45m. Bridge will also receive more than EUR1.1bn based on the achievement of specific development, regulatory and commercial milestones, In addition, it is eligible to receive double-digit royalties.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jul 22, 2019|
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