Healthcare Industry News: HSMN NewsFeed
News Release - January 9, 2023
Boehringer Ingelheim and 3T Biosciences Join Forces to Develop Next-Generation Cancer ImmunotherapiesINGELHEIM, Germany and SOUTH SAN FRANCISCO, Calif., Jan. 9, 2023 -- (Healthcare Sales & Marketing Network) -- Boehringer Ingelheim and 3T Biosciences, today announced they have entered into a strategic collaboration and licensing agreement to discover and develop next-generation cancer therapies to address high unmet patient needs. The partnership will bring together 3T Biosciences' best-in-class 3T-TRACE (T-Cell Receptor Antigen and Cross-Reactivity Engine) discovery platform with Boehringer Ingelheim's two-pronged research strategy combining cancer cell-directed and immune cell-targeting compounds, further strengthening the company's pipeline.
"At Boehringer Ingelheim, we are committed to transforming patients' lives. Through our new partnership with 3T Biosciences, we aim at accelerating and expanding our pipeline of first-in-class T-cell based therapies for patients affected by cancer," said Lamine Mbow, Ph.D., Global Head of Cancer Immunology + Immune Modulation, Boehringer Ingelheim.
"On behalf of the entire team at 3T Biosciences, we are extremely pleased to partner with Boehringer Ingelheim, a company advancing transformative cancer treatments," said Stefan J. Scherer, M.D., Ph.D., president and CEO of 3T Biosciences. "3T's 3T-TRACE discovery platform has the potential to transform the treatment of cancers and beyond. By using data from patients for patients we aim to discover the best immunogenic targets for multiple tumor indications and across patient populations."
Under the agreement, Boehringer Ingelheim will provide patient-derived TCR data to fuel 3T's target discovery efforts to identify antigens using its 3T TRACE discovery platform. 3T will receive an upfront payment and research and development support, and is eligible for discovery, preclinical, clinical, regulatory, and commercial milestones totaling $268 million in addition to royalties on future Boehringer Ingelheim product sales. Boehringer Ingelheim is eligible to receive royalties on future product sales by 3T Biosciences arising from the agreement.
Boehringer Ingelheim is working on breakthrough therapies that transform lives, today and for generations to come. As a leading research-driven biopharmaceutical company, the company creates value through innovation in areas of high unmet medical need. Founded in 1885 and family-owned ever since, Boehringer Ingelheim takes a long-term perspective. More than 52,000 employees serve over 130 markets in three business areas, Human Pharma, Animal Health, and Biopharmaceutical Contract Manufacturing. Learn more at www.boehringer-ingelheim.com
For more information on Boehringer Ingelheim's commitment to oncology, please see Boehringer Ingelheim & Taking Cancer On | Boehringer Ingelheim (boehringer-ingelheim.com)
3T Biosciences is an immunotherapy company focused on discovering and developing next-generation therapies with curative potential based on its immune-response-guided target discovery approach. 3T Biosciences' 3T-TRACE platform technology is designed to overcome the challenges of advancing T-cell receptor (TCR)-based therapeutics. Based in South San Francisco, 3T Biosciences is led by an experienced management team and supported by top investors including Westlake Village BioPartners, Lightspeed Venture Partners, and the Parker Institute for Cancer Immunotherapy. For more information, please visit https://3tbiosciences.com.
Source: 3T Biosciences
Issuer of this News Release is solely responsible for its
Please address inquiries directly to the issuing company.