Boehringer Ingelheim signs a license agreement with Evec Inc. for its fully-human antibody programme

Boehringer IngelheimBoehringer Ingelheim has signed a licence agreement with Evec, Inc., Japan, for one of its fully-human therapeutic antibody programmes. Based on the agreement, Boehringer Ingelheim will obtain worldwide exclusive development and commercialisation rights for the complete programme. In return, Evec expects to receive an upfront payment and milestone payments depending on development phases from Boehringer Ingelheim totalling up to EUR 55 million, as well as royalty payments associated with potential product sales. Further financial details have not been disclosed.

Prof. Kenzo Takada, Chairman of Evec said "We are excited to enter into this collaboration with Boehringer Ingelheim, a world recognised player in the biotechnology arena. This agreement marks a significant milestone in the development of Evec. Evec is one of the first Japanese bio venture companies which has concluded a license agreement with a western multinational pharmaceutical company. We believe that this will encourage furthermore the research and development of Japanese bio venture companies."

Dr. Andreas Barner, Vice-Chairman of the Board Corporate Division Pharma Research, Development and Medicine at Boehringer Ingelheim said "We are impressed by Evec's technology of generating fully-human antibodies and are delighted to be one of the first western multinational pharmaceutical companies to enter into a license agreement with a Japanese bio venture company. As a research-driven pharmaceutical company, Boehringer Ingelheim is committed to discovering and developing products which represent high therapeutic value. This collaboration has the potential to answer the patients' and physicians' need for new treatments that are both safe and efficacious."

About Evec
Evec is a bio venture company having its head office in Sapporo, Japan, established in 2003, spun off from Hokkaido University. Evec is specialised in development of a wide spectrum of human monoclonal antibodies in multiple therapeutic areas, such as cancer, inflammatory diseases and infectious diseases by an Epstein-Barr Virus Transformation Method.

About Boehringer Ingelheim
The Boehringer Ingelheim group is one of the world’s 20 leading pharmaceutical companies. Headquartered in Ingelheim, Germany, it operates globally with 135 affiliates in 47 countries and 39,800 employees. Since it was founded in 1885, the family-owned company has been committed to researching, developing, manufacturing and marketing novel products of high therapeutic value for human and veterinary medicine.

In 2007, Boehringer Ingelheim posted net sales of 10.9 billion euro while spending one fifth of net sales in its largest business segment Prescription Medicines on research and development.

For further information, please visit http://www.boehringer-ingelheim.com.

Most Popular Now

Delivering insulin in a pill

Given the choice of taking a pill or injecting oneself with a needle, most of us would opt to regulate a chronic health condition by swallowing a pill. But for millions o...

Probiotics can protect the skeletons of older wome…

For the first time in the world, researchers at the University of Gothenburg, Sweden, have demonstrated that probiotics, dietary supplements with health-promoting bacteri...

Alzheimer's breakthrough: Brain metals that may dr…

Alzheimer's disease could be better treated, thanks to a breakthrough discovery of the properties of the metals in the brain involved in the progression of the neurodegen...

Can aspirin treat Alzheimer's?

A regimen of low-dose aspirin potentially may reduce plaques in the brain, which will reduce Alzheimer's disease pathology and protect memory, according to neurological r...

FDA approves first drug comprised of an active ing…

The U.S. Food and Drug Administration today approved Epidiolex (cannabidiol) [CBD] oral solution for the treatment of seizures associated with two rare and severe forms o...

In mice, stem cells seem to work in fighting obesi…

Obesity is an increasing global health problem associated with several comorbidities and a high risk of mortality. A wide spectrum of interventions has been proposed for ...

FDA takes steps to foster greater efficiency in bi…

Today, the agency withdrew the draft guidance, "Statistical Approaches to Evaluate Analytical Similarity," issued in September 2017. The draft guidance, if finalized as w...

Research shows how a moderate dose of alcohol prot…

For at least 20 years, research has shown that for many people, moderate consumption of alcohol can protect the heart, but the reason for this is poorly understood. A stu...

'Kiss of death' cancer

It's called the 'kiss of death'. Triple negative breast cancer has no targeted drug therapy and, as such, the only hope for these patients is chemotherapy. Triple negativ...

Some existing anti-cancer drugs may act in part by…

Bolstering the notion that RNA should be considered an important drug-discovery target, scientists at Scripps Research have found that several existing, FDA-approved anti...

Novartis Clear about Psoriasis survey data highlig…

Novartis announced today the publication of global Clear about Psoriasis survey data in the Journal of the European Academy of Dermatology and Venereology[1]. The publica...

Poliovirus therapy for recurrent glioblastoma has …

A genetically modified poliovirus therapy developed at Duke Cancer Institute shows significantly improved long-term survival for patients with recurrent glioblastoma, wit...