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Business
Boehringer Ingelheim Will Acquire Actimis
June 23, 2008
| A version of this story appeared in
Volume 86, Issue 25
Germany's Boehringer Ingelheim has agreed to acquire Actimis Pharmaceuticals, a privately held biotech company in San Diego. Spun off from Bayer in 2004, Actimis focuses on small-molecule drugs for respiratory, inflammatory, and autoimmune diseases. BI will acquire the company through a structured buyout, purchasing shares according to development milestones reached by Actimis' lead compound, called AP768, for treating asthma. If AP768, now in Phase I clinical trials, successfully advances into Phase III, BI will own 100% of Actimis' shares in a deal totaling $515 million.
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