Ensemble Thera in deal worth a potential $186 million with Boehringer Ingelheim
USA-based drug discovery firm Ensemble Therapeutics says it has initiated a research collaboration with family-owned German drug major Boehringer Ingelheim to discover drug candidates of a novel class of small molecule drugs, called macrocycles, against several high-value pharmaceutical targets specified by Boehringer Ingelheim.
Under the terms of the agreement, Ensemble is eligible to receive payments and may receive up to $186 million in success milestones in case of full commercial success of multiple drug products, including an upfront payment and research funding. In addition, Ensemble is eligible to receive royalties on future sales of products that arise from the collaboration. Further details of the agreement were not disclosed.
Collaboration will deploy Ensemble’s Ensemblin collection
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