Boehringer exercises option to license novel TCRm antibodies
German family-owned pharma major Boehringer Ingelheim has elected to exercise an option with US biotech Eureka Therapeutics for the exclusive license of novel human TCR-mimicking (TCRm) antibodies against an undisclosed target to be used for the potential development and commercialization of therapies for cancer patients.
The licensed TCRm antibodies were developed under a research collaboration and license agreement between Eureka Therapeutics and Boehringer Ingelheim established in 2015.
Eureka Therapeutics will receive an undisclosed option payment from Boehringer Ingelheim and is eligible to receive development, regulatory and commercial milestone payments, as well as royalties on net sales, related to antibodies directed at the optioned target.
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