Boehringer Ingelheim inks 'Singapore's largest biotech deal,' promising $1B each for a suite of anti-fibrotic IL-11 drugs
The deeper Boehringer Ingelheim looks into Asian biotech, the more gems it seems to find. Having picked up new fibrotic diseases drugs left and right, the German legacy pharma is bagging a slate of experimental therapies hitting an oft-overlooked cytokine in what’s being billed as “Singapore’s largest biotech deal.”
The target of interest here is interleukin-11, or IL-11 — a “very toxic” protein that causes tissue scarring and damage but was previously (incorrectly) thought of as protective and anti-fibrotic, according to Stuart Cook, scientific founder of Enleofen. The biotech is now eligible for $1 billion in milestones for each antibody program to emerge out of its pipeline covering NASH, cardiac fibrosis, idiopathic pulmonary fibrosis, and more.
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