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Boehringer Ingelheim Gambles $2.62 Billion on Two Fibrotic Disease Deals

South Korea-based Bridge Biotherapeutics licensed out BB-877 to Boehringer Ingelheim for a total deal of about $1.75 billion, marking the second large transaction for fibrotic diseases that the Germany-based company inked during July 2019.

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Merck to Acquire Tilos Therapeutics

Merck agreed to acquire Tilos, a privately held biopharma company developing therapeutics targeting the latent TGFβ complex for the treatment of cancer, fibrosis and autoimmune diseases.

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Morphic and Janssen Strike Potential $750 Million Deal

Morphic Therapeutic and J&J division Janssen Biotech entered into a collaborative deal to develop novel integrin therapeutics for conditions not adequately addressed by current therapies.

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Gilead Inks $785 Million Deal With Yuhan

Gilead Sciences Inc. is acquiring the global rights to develop and commercialize novel small molecules against two targets from South Korea-based Yuhan Corporation.

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AbbVie Invests $100 Million in Morphic Therapeutic to Develop Integrin Inhibitors for Fibrotic Diseases

Weeks after Waltham, Mass.-based Morphic Therapeutic secured $80 million in Series B financing that was supported in part by AbbVie Ventures, the company struck a deal with the pharma giant to collaborate on the development of therapies for fibrosis-related indications.

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