Please login to the form below

Not currently logged in
Email:
Password:

Boehringer spends €1.18bn to acquire NBE-Therapeutics

Company specialises in antibody-drug conjugate development

German pharma company Boehringer Ingelheim has announced that it will acquire all shares of NBE-Therapeutics for a total of €1.18bn.

NBE-Therapeutics, headquartered in Switzerland, is focused on antibody-drug conjugates (ADC) for the development of targeted cancer therapies.

The biotech’s immune stimulatory iADC platform creates ‘highly potent’ immune stimulatory ADCs with an anthracycline payload that are designed to directly target tumour cells and induce a durable immunological anti-tumour effect, according to the company.

ADCs are comprised of an antibody that specifically binds to a target on tumour cells, and is linked to a cytotoxic drug intended to kill the targeted cells.

NBE’s lead candidate, NBE-002, is currently in phase 1 clinical studies for triple negative breast cancer and a number of additional solid tumours.

Following the acquisition, Boehringer will have access to this programme, as well as NBE’s iADC platform, which the company says it will use to build a ‘leading ADC portfolio’.

The €1.18bn total financial consideration also includes contingent clinical and regulatory milestone payments, Boehringer added in a statement. The acquisition is expected to close, subject to customary closing conditions, during the first quarter of 2021.

“NBE-Therapeutics’ iADC platform adds exceptional tumour targeting capabilities to our oncology portfolio. Together with our immune cell-targeting assets, this could enable new powerful combinations that will allow for efficacious and durable treatments for patients,” said Michel Pairet, member of Boehringer Ingelheim’s board of managing directors.

“This acquisition is a further example of Boehringer Ingelheim’s long-term strategy to enhance our position as an innovator of novel cancer therapies for patients in need. We welcome NBE-Therapeutics’ richly talented team to Boehringer Ingelheim and we look forward to collaborating with them on this important work,” he added.

Boehringer has also announced its intention to acquire German biotech company Labor Dr. Merk & Kollegen, which will give it access to the latter’s advanced therapy medicinal products (ATMP)-based immuno-oncology therapies.

As part of the acquisition deal, Boehringer will also gain Labor Dr. Merk & Kollegen’s manufacturing site, which is involved in ATMP-based cancer immunology treatments.

Both deals seem to signal Boehringer’s increasing focus on bolstering its cancer portfolio, expanding its R&D with innovative treatments in the oncology therapy area.

Article by
Lucy Parsons

11th December 2020

From: Sales

Share

Tags

PMEA Awards 2020

COVID-19 Updates and Daily News

Featured jobs

PMHub

Add my company
integrated medhealth communication

imc group is a leading, independent global healthcare communication group that enables client’s brands to connect with healthcare professionals, payers...

Latest intelligence

InSite Events™ National Pharma Meeting: A Customer Story
How our client leveraged Impetus Digital’s white-glove service, 360° coverage and care, and award-winning InSite Events™ platform to successfully transfer their annual national meeting online....
Fear or encouragement, which is best to drive behaviour change?
The communications industry depends on fear of the perceived loss of something, in order to create the hope found in a product benefit. But, if if left too long unchecked,...
The unheard, unseen, and uncorrected effects of COVID-19
The disproportionate effects of the pandemic have been highlighted amongst ethnic minorities, so is it likely that ethnic minorities will be more worried about participating? And could this exacerbate inequalities...

Infographics