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Boehringer Gets Option To Buy ViraTherapeutics And Cancer Virus Therapy

 
• By Jessica Merrill

The German pharma agreed to pay up to €210m to investigate ViraTherapeutics' lead candidate, VSV-GP, alone and in combination, with an option to buy ViraTherapeutics depending on the outcome of Phase I studies.

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Boehringer Ingelheim GMBH is investing further in the Austrian cancer start-up ViraTherapeutics in a deal that will give the German pharma access to a next-generation oncolytic virus therapy platform and lead candidate VSV-GP (vesicular stomatitis virus glycoprotein), along with an option to buyout ViraTherapeutics outright.

In the deal announced Sept. 28, Boehringer agreed to pay up to €210m for the option to buy ViraTherapeutics after VSV-GP finishes Phase I testing

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