ViraTherapeutics starts second oncolytic virus development program with German major
Austrian biotech firm ViraTherapeutics today announced the expansion of its current collaboration with German family-owned pharma major Boehringer Ingelheim, with a second oncolytic virus program.
The new development program is an oncolytic virus, stemming from ViraTherapeutics' technology platform. The vesicular stomatitis virus (VSV) will be armed with an additional immunotherapeutic component from Boehringer Ingelheim. Boehringer Ingelheim has agreed to cover all research and development costs for the program. Further financial details were not disclosed.
Under the terms of the deal signed between the companies in 2016, which could be worth up to 210 million euros ($258.5 million), Boehringer Ingelheim received the right to acquire ViraTherapeutics after conclusion of Phase I clinical development.
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