Pharma BD Deal Intelligence

Boehringer Ingelheim GmbH / Yuhan Corporation

2019 · Licensing/Option · $870M · Terminated

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jul 02, 2019 European Biotechnology Magazine Bullish

Highlighted the ~$35B addressable NASH market and described the deal as Yuhan's largest-ever out-licensing transaction, validating Korean biotech innovation in…

Jul 08, 2019 Contract Pharma Neutral

Characterized the agreement as part of Boehringer's broader push to build a multi-mechanism NASH portfolio, including SGLT-1/2 inhibitors and the new dual…

Mar 19, 2025 Korea Biomedical Review Bearish

Reported Boehringer's decision to terminate development of BI 3006337 and return rights to Yuhan, noting Yuhan ultimately collected only ~$50M of the…

Source summaries from our enrichment pipeline; follow links for originals.

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Boehringer Ingelheim licensed Yuhan's first-in-class GLP-1/FGF21 dual agonist (a long-acting fusion protein using Genexine HyFc technology) for NASH and related liver disease. Yuhan received $40M upfront and near-term payments and is eligible for up to $830M in milestones plus tiered royalties.

Key facts

Related deals — scored

DealYearValueOutcome
Boehringer Ingelheim GmbH / Yuhan Corporation (this deal)2019$870M
Boehringer Ingelheim GmbH / Amgen Inc. (Fremont manufacturing facility)201177
Boehringer Ingelheim GmbH / NBE Therapeutics2020$1.5B28
Boehringer Ingelheim GmbH / AMAL Therapeutics SA2019$366M
Boehringer Ingelheim GmbH / Bridge Biotherapeutics, Inc.2019$1.2B
Boehringer Ingelheim GmbH / NBE-Therapeutics AG2020$1.4B
Pfizer Inc. / BioNTech SE2020$748M100

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