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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