GermanyGermany

Micromet and Boehringer Ingelheim join forces to develop multiple myeloma BiTE antibody

06.05.2010

Ingelheim/Bethesda -Boehringer Ingelheim (BI) and Micromet Inc. will jointly develop a BITE (bi-specific T-cell engager) antibody for the treatment of multiple myeloma. According to the collaboration agreement for the research, development and commercialisation of the bifunctional antibody announced on Wednesday, Micromet will be responsible for the discovery, and will jointly conduct pre-clinical studies of the drug candidate with BI. Micromet’s pharma partner will be responsible for all manufacturing activities, clinical development and worldwide commercialisation, subject to Micromet’s co-promotion right in the US. Micromet will receive an upfront payment of 5 million euros from its partner, and milestones of up to 50 million euros plus low double-digit royalties on product sales outside the US. While Micromet will reimburse a defined amount of preclinical and other costs for its US sales, BI will be responsible for all other payments. BITEs target tumor cells by binding to tumour-specific antigens. They activate T killer cells against the tumour cells by binding to the CD3/CD19 moiety on the surface of the cytotoxic cells.


Germany, FranceGermany

21.12.2011

Martinsried/Paris - Sanofi has done some Christmas shopping in Munich and has licensed Scil Technology’s programme for the regenerative treatment of osteoarthritis and cartilage disorders. Under the agreement, Scil could reap up...

GermanyGermany

20.12.2011

Monheim - It's nearly Christmas, and Bayer Crop Science gives out some presents. As the company announced, a $750 million settlement with U.S. rice farmers is now binding and can move forward. In summer the German firm had agreed...

GermanyGermany

16.12.2011

Bonn – Germany’s federal government is prolonging one of its most successful measures to date for stimulating the establishment of high-tech companies – the High-Tech-Gründerfonds (HTGF). The HTGF was launched in 2005 with €272m...

GermanyGermany

15.12.2011

Leverkusen – One short statement from the European Medicines Agency (EMA) means one giant step for German biotech company Biofrontera. The agency issued a favourable opinion on the firm’s marketing approval application for its...

GermanyGermany

15.12.2011

While the European sovereign debt crisis keeps capital markets in a choke-hold, with potential negative effects on the financing situation in many industries – including biotech – there was encouraging news for drug-developing...

GermanyGermany

08.12.2011

Heidelberg – There is still life in the European life science finance. EMBL Ventures has closed a €40m fund. The early stage investor and the venture capital arm of the European Molecular Biology Laboratory(EMBL) announced the...

GermanyGermany

03.11.2011

Düsseldorf – BIO-Europe 2011 in Düsseldorf has again broken all previous records in terms of participants and company numbers. More than 3,000 representatives from 1,800 companies registered for Europe‘s largest partnering event....

GermanyGermany

02.11.2011

Brussels/San Francisco – As the biggest biotech partnering event on the continent, BioEurope, draws to a close, the venture capital community sent ambivalent messages for life sciences. Dow Jones VentureSource, an analyst,...

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