Boehringer Ingelheim acquires all ViraTherapeutics shares to develop next-gen viral-based therapies

Boehringer Ingelheim has acquired all shares of ViraTherapeutics, a biopharmaceutical company specializing in the development of oncolytic viral therapies.

ViraTherapeutics developed the lead candidate VSV-GP (Vesicular Stomatitis Virus with modified glycoprotein), which is being investigated alone and in combination with other therapies. The total transaction value of EUR 210 million is based on an option and share purchase agreement signed between the companies in Aug. 2016.

The lead investigational candidate leveraging the platform, VSV-GP, has shown promising results in pre-clinical models, especially in combination with key immune modulatory principles Boehringer Ingelheim is developing.

ViraTherapeutics was a portfolio company of the two venture investors EMBL Ventures and the Boehringer Ingelheim Venture Fund (BIVF).

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Boehringer Ingelheim acquires all ViraTherapeutics shares to develop next-gen viral-based therapies

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Boehringer Ingelheim acquires all ViraTherapeutics shares to develop next-gen viral-based therapies

YOU MAY BE INTERESTED IN

With five-year cancer survival at an all-time high, does this mean people are living longer?

ACS report trumpets 70% five-year survival for all cancers amid uncertain funding outlook

New Medicaid work requirements could lead to 1.6 million missed cancer screenings over two years

When “safe and effective” is not “reasonable and necessary”We can curb excessive drug dosing and improve the quality of cancer care

A radiation oncologist’s perspective: Why we need to accelerate early detection strategies for lung cancers

Ben Seon, immunologist whose work led to development of lymphoma drug Polivy, dies at 89

Never miss an issue!

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When “safe and effective” is not “reasonable and necessary”
We can curb excessive drug dosing and improve the quality of cancer care