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Mergers and Acquisitions

Date: 2018-09-13

Type of information: Company acquisition

Acquired company: Viratherapeutics (Austria)

Acquiring company: Boehringer Ingelheim (Germany)

Amount: €210 million

Terms:

  • • On September 13, 2018, Boehringer Ingelheim announced that it has acquired all shares of ViraTherapeutics, a biopharmaceutical company specializing in the development of oncolytic viral therapies.  The total transaction value of €210 million is based on an option and share purchase agreement signed between the companies in August 2016.

Details:

  • ViraTherapeutics is a biopharmaceutical company specializing in the development of oncolytic viral therapies. The company developed the lead candidate VSV-GP (Vesicular Stomatitis Virus (VSV) with modified glycoprotein (GP)), which is being investigated alone and in combination with other therapies. Boehringer Ingelheim and ViraTherapeutics are working to develop a next generation oncolytic viral therapy platform. The lead investigational candidate leveraging the platform, VSV-GP, has shown promising results in pre-clinical models, especially in combination with key immune modulatory principles Boehringer Ingelheim is developing. Using a dual approach for potential treatment options, specifically combining immuno-oncology approaches with tumor cell-directed treatments, is central to Boehringer Ingelheim’s cancer immunology research strategy. Oncolytic virus-based therapies are consistent with and complement that strategy.

Related: Cancer - Oncology

Is general: Yes