Boehringer Ingelheim GMBH’s acquisition of Hanmi Pharmaceutical Co. Ltd.’s third-generation EGFR inhibitor HM61713 helps the German company build its oncology presence with an essential asset in the targeted lung cancer space, but the Phase II candidate has a lot of catching up to do.
Boehringer announced plans to buy development and commercialization rights to the drug from South Korean firm Hanmi on July 28 in a transaction worth $50 million up front, plus potential milestones of $680 million and royalties
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