Boehringer selects lead candidate for Alzheimer’s
pharmafile | May 24, 2010 | News story | Research and Development | Ablynx, Boehringer
Boehringer Ingelheim has selected a lead candidate for further development to treat Alzheimer’s disease from its collaboration with Ablynx.
Belgium-based Ablynx specialises in the discovery and development of a novel class of therapeutic proteins based on single-domain antibody fragments it calls Nanobodies.
The selection of the candidate is very good news for Ablynx, as it is the first lead candidate emerging from the Alzheimer’s disease collaboration between the partners, and will result in a two million euros milestone payment to Ablynx.
The companies began their collaboration in January 2007, focusing on the discovery and development of new therapies for Alzheimer’s disease using Ablynx’s Nanobodies.
The deal is worth a possible $265 million in milestone payments plus undisclosed royalties. Boehringer Ingelheim will be solely responsible for the development, manufacture and commercialisation of any products resulting from the research collaboration.
“Ablynx’s delivery of this potentially ‘first-in-class’ Nanobody candidate for the treatment of Alzheimer’s disease highlights the speed at which we progressed from initiation of the discovery programme in 2007 to this stage of development for a very challenging target”, said Dr Edwin Moses, chief executive and chairman of Ablynx.
Andrew McConaghie
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