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Boehringer Ingelheim & Tessellate Bio

Boehringer Ingelheim Enters a ~$573M Deal with Tessellate Bio to Develop Novel Therapies for ALT-positive tumors

Shots:BI & Tessellate Bio have entered into a research collaboration & global license agreement to develop oral therapies for ALT-positive tumorsAs per the terms, Tessellate Bio will receive near term payments incl. an upfront license fee, research funding & technical milestones along with downstream success-based milestones, making it an aggregate of ~$573M (~€500M)…

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