Boehringer Ingelheim will pair up with Simcere Pharmaceutical in one of the hottest targets in immunology. For €42 million ($50 million) upfront, the German pharma will tap into Simcere's preclinical TL1AxIL-23p19 bispecific antibody for inflammatory bowel disease, Simcere said in a Hong Kong Stock Exchange filing on Tuesday. The asset is codenamed SIM0709. Boehringer said in vivo animal studies showed SIM0709 had "superior synergistic efficacy, even outperforming the combination of the two corresponding monotherapies," referring to blocking of TL1A and IL-23. TL1A became one of the most prized next-generation targets in IBD a few years ago, when Merck and
Roche both inked multibillion-dollar acquisitions. Other pharma companies have followed. Boehringer is on the hook for a total biobucks package of up to €1.016 billion ($1.2 billion) for ex-China rights to SIM0709. |