On June 17, 2015 FORMA Therapeutics reported the achievement of several discovery milestones in their alliance with Boehringer Ingelheim (BI) for the discovery of novel drug candidates against protein-protein interactions (PPI) for the treatment of cancer. Financial milestones payable to FORMA for this achievement have not been disclosed (Press release, Forma Therapeutics, JUN 17, 2015, View Source [SID:1234509337]).

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"FORMA’s continued successes within the BI partnership, an agreement originally announced in January 2012 and with milestones achieved in 2014, underscore our ability to make tractable progress in the challenging area of protein-protein interactions," said Steven Tregay, Ph.D., President and CEO, FORMA Therapeutics. "Investment in creative and talented individuals, as well as fully exploiting various technology platforms, has provided FORMA with keen insights into three-dimensional protein structure and druggable binding pockets. We are quite pleased to have contributed to BI’s drug discovery pipeline by identifying a panel of novel scaffolds across multiple targets."