Boehringer Ingelheim Signs Option to Acquire Trutino Biosciences

June 14, 2022

Boehringer Ingelheim has signed an option agreement to acquire Trutino Biosciences, a San Diego-based pre-clinical biotech company focused on next-generation cytokine therapies. The deal is structured as an option with an option fee, issuance of a convertible note, and a fixed purchase price triggered upon achievement of specified program milestones.

Buyers
Boehringer Ingelheim
Targets
Trutino Biosciences Inc.
Industry
Biotechnology
Location
United States
Transaction Type
Addon

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