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Biotechnology

Boehringer Ingelheim buys Swiss oncology firm T3 Pharma

by Michael McCoy
December 3, 2023 | A version of this story appeared in Volume 101, Issue 40
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Boehringer Ingelheim has acquired the Swiss biotechnology firm T3 Pharmaceuticals for up to $515 million. T3 has a drug in Phase 1 clinical trials based on technology it developed that uses live bacteria to deliver immune-modulating proteins to cancer cells and tumor microenvironments. Boehringer says it plans to improve long-term remission in people with cancer by combining various immunotherapies, such as the one T3 is developing. Boehringer’s venture capital fund was one of the main investors in T3, which will keep its operations in Switzerland.

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