Ablynx Extends Nanobody Pact with BI
Ablynx has extended nanobody alliance with Boehringer Ingelheim.
Belgian life science company Ablynx has announced a two-year extension to its five-year global strategic alliance with Boehringer Ingelheim to discover, develop and market up to 10 different nanobody therapeutics for a range of diseases including oncology, immunology and respiratory diseases.
The extension will allow all 10 nanobody projects to advance to a stage where Boehringer Ingelheim can potentially progress each into development.
Ablynx will receive €6.6m in additional research funding from Boehringer Ingelheim, some of which will be in advance. The firm has already received more than €58m since the alliance was signed in 2007. The agreement allows for potential milestone payments of up to €125m plus royalties to Ablynx for each nanobody that reaches the market.
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