Despite being a relatively new player to cancer research, Boehringer Ingelheim GMBH is hoping that the acquisition of Austria's ViraTherapeutics GMBH will push it to the forefront in terms of the new wave of immuno-oncology (I-O) products coming through the clinic.
Boehringer Ingelheim Expands Oncolytic Virus Efforts With ViraTherapeutics Buy
Paying €210m for a company that only has preclinical programs may seem steep but BI is clearly impressed with the progress being made by its Austrian partner's lead candidate.
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The Danish firm is spending nearly $580m to repurchase up to 2.2 million shares