COVID-19 drives Boehringer’s R&D spend to record level in 2020

COVID-19 drives Boehringer’s R&D spend to record level in 2020

Source: 
Pharmaforum
snippet: 

Boehringer Ingelheim invested €3.7 billion on R&D last year, the highest spend in its history, as it mobilised its scientists to seek out new therapies for COVID-19.

Not all those efforts have been successful. Boehringer abandoned BI 764198, an inhibitor of TRPC6 in phase 2 for acute respiratory distress syndrome (ARDS) in patients hospitalised for COVID-19 earlier this month.