Amgen enlists Entera in a drug discovery pact; Boehringer brings out the budget ax
→ Amgen has handed a “modest” tech transfer fee over to Entera $ENTX to get them started on a discovery pact focused on inflammatory diseases, plus other ailments. Entera could also get up to $270 million in milestones for the pact with Amgen, designed to get the Israeli company to use its platform tech to “develop oral formulations for one preclinical large molecule program that Amgen has selected. Amgen also has an option to select up to two additional programs to include in the collaboration.”
→ Germany’s Boehringer Ingelheim is moving to ax roughly 300 staffers in France, according to Reuters. The move comes after a 2017 asset swap and the company says it is designed to concentrate efforts in the country around Lyon.