Bloomberg News

Evotec Reports Second Multi-Target Collaboration With UCB

October 05, 2011

Oct. 5 (Bloomberg) -- Evotec AG entered into a second multi-year, multi-target drug discovery cooperation with UCB SA in the field of immunology. Evotec will identfy small molecules against a selected number of targets.

Evotec will receive research funding based on the resource allocated over the projects and will be further rewarded on achieving the goals with early stage discovery, preclinical and clinical milestones. Evotec will also receive royalties based on net sales of any approved drugs.

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