Boehringer buys AMAL Therapeutics for $366 million

15 July 2019

German privately-held drugmaker Boehringer Ingelheim has bought Swiss biotech firm AMAL Therapeutics for up to 326 million euros ($366 million).

AMAL is focused on cancer immunotherapy and is developing its lead candidate ATP128, derived from its KISIMA immunization platform.

In May, the firms agreed a deal to test a combination of ATP128 and Boehringer’s anti-PD1 compound, BI754091, in certain people with stage IV colorectal cancer. The KISIMA-01 study will begin in the second half of 2019.

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