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Gains iADC platform and potential best-in-class antibody-drug conjugate (ADC) therapies for the treatment of solid tumors.
December 10, 2020
By: Contract Pharma
Contract Pharma Staff
PPF Group, an international investment group, has signed an agreement to sell its stake in NBE-Therapeutics to Boehringer Ingelheim. NBE-Therapeutics is using its iADC platform to develop potential best-in-class antibody-drug conjugate (ADC) therapies for the treatment of solid tumors. The lead program NBE-002, an iADC targeting ROR1, entered the Phase I testing in 2020. The transaction, valued at €1.18 billion, is comprised of an upfront payment to NBE’s shareholders as well as contingent c...
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