Germany’s family-owned multinational Boehringer Ingelheim International GmbH (BI) is acquiring preclinical antibody assets from two biotechs, Canada’s Northern Biologics Inc. and Switzerland’s CDR-Life, in order to strengthen its research into two emerging therapeutic areas, stromal biology-associated immuno-oncology (IO) and the retinal disease, geographic atrophy.
BI says it will move into the forefront of stromal biology research with the acquisition of two programs focused on therapeutic antibodies targeting the tumor microenvironment, through the purchase of a Versant Ventures-backed Northern Biologics Inc. entity, a wholly-owned subsidiary of Northern LP
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