Boehringer grants rights to immuno-oncology drug for myeloma to Amgen
German family-owned pharma major Boehringer Ingelheim has granted Amgen (Nasdaq: AMGN) global development and commercial for BI 836908 (AMG 420), a bispecific T cell engager (BiTE) that targets B-cell maturation antigen (BCMA), a potential target for multiple myeloma.
BI 836908 (AMG 420) is currently in Phase I studies. BI 836908 (AMG 420) was originally licensed to Boehringer Ingelheim by Germany and USA-based biotech firm Micromet before the company was acquired by Amgen in 2012, in a deal valued at around $1.16 billion.
Under the provisions of the agreement, Amgen will work with Boehringer Ingelheim to assume responsibility for the clinical development of BI 836908 (AMG 420), transfer manufacturing, and lead global regulatory activity moving forward. Amgen will also receive worldwide commercialization rights for BI 836908 (AMG 420). Prior to this agreement, Boehringer Ingelheim held global development and commercialization rights. Financial terms of the agreement are not being disclosed.
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