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

A great place to do great things: Developing game-…

Science has spoken: Abbott (NYSE: ABT) is, again, among the best science-based companies to work for in the world. For the 14th year, the journal Science today recognized...

FDA accepts regulatory submission for Lynparza in …

AstraZeneca and Merck & Co., Inc., (Merck: known as MSD outside the US and Canada) today announced that the US Food and Drug Administration (FDA) has accepted and granted...

Alzheimer's disease might be a 'whole body' proble…

Alzheimer's disease, the leading cause of dementia, has long been assumed to originate in the brain. But research from the University of British Columbia and Chinese scie...

Cancer cells destroyed with dinosaur extinction me…

Cancer cells can be targeted and destroyed with the metal from the asteroid that caused the extinction of the dinosaurs, according to new research by an international col...

Novartis confirms leadership in multiple sclerosis…

Novartis today announced it will present 54 scientific abstracts from across its multiple sclerosis (MS) research portfolio at the 7th Joint European and Americas Committ...

Three of the most deadly cancers get critical fund…

Immunotherapy for leukemia patients has been nothing short of a miracle. Now scientists hope to use that science and other forms of gene therapy to tackle three of the de...

Transplanted hematopoietic stem cells reverse dama…

Researchers at University of California San Diego School of Medicine report that a single infusion of wildtype hematopoietic stem and progenitor cells (HSPCs) into a mous...

Amgen and Novartis announce expanded collaboration…

Amgen (NASDAQ:AMGN) and Novartis announced an expanded collaboration with the Banner Alzheimer's Institute (BAI) to initiate a new trial - the Alzheimer's Prevention Init...

Scientists find where HIV 'hides' to evade detecti…

In a decades-long game of hide and seek, scientists from Sydney's Westmead Institute for Medical Research have confirmed for the very first time the specific immune memor...

'Precision Medicine' may not always be so precise

Precision Medicine in oncology, where genetic testing is used to determine the best drugs to treat cancer patients, is not always so precise when applied to some of the w...

Novartis announces the planned acquisition of Adva…

Novartis announced today, that it has entered a memorandum of understanding with Advanced Accelerator Applications (AAA) under which Novartis intends to commence a tender...

China's out of control 'silent killer' affects one…

More than one-third of adults in China have high blood pressure - often dubbed the "silent killer" for its lack of symptoms - but only about one in 20 have the condition ...

Pharmaceutical Companies

[ A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Z ]