Under the agreement, 3BP will employ its high-diversity peptide library and hit identification technology on a set of molecular disease targets nominated by Boehringer Ingelheim. Hit compounds identified will be further optimized and jointly characterized by both companies.
Dr. Ulrich Reineke, Managing Director of 3BP stated: “We are very pleased to substantially broaden our relationship with Boehringer Ingelheim and confident in adding significant value through our validated peptide hit discovery and medicinal chemistry capabilities.”
Financial terms of the collaboration were not disclosed.
About 3B Pharmaceuticals
3B Pharmaceuticals is a German biotechnology company developing targeted radiopharmaceutical drugs and diagnostics for oncology indications with a high unmet medical need. As a leader in peptide discovery and optimization, 3B Pharmaceuticals has built a technology platform extending from hit identification to early clinical development. 3BP was founded in 2008 by a team of renowned experts in peptide drug discovery and nuclear medicine from Berlin, Bern and Basel. The company is owned by its founders and management. For more information on 3B Pharmaceuticals, visit www.3b-pharma.com.
Dr. Jan Michel
Director Finance & Corporate Development
Tel.: +49 (30) 6392-4317
Fax.: +49 (30) 6392-4316