Evotec Buys Kinaxo, Works With ChemBridge | February 21, 2011 Issue - Vol. 89 Issue 8 | Chemical & Engineering News
Volume 89 Issue 8 | p. 18 | Concentrates
Issue Date: February 21, 2011

Evotec Buys Kinaxo, Works With ChemBridge

Department: Business
Keywords: compound library, drug development

The German contract research organization Evotec has acquired Kinaxo, a Munich-based company that offers technologies for response prediction and safety assessment in drug development. Evotec will pay about $16 million and could make $5 million in additional payments depending on Kinaxo’s performance. Separately, Evotec will work with ChemBridge to expand its screening library. Evotec will enhance its library of 250,000 druglike compounds with an initial 110,000 compounds from ChemBridge.

Chemical & Engineering News
ISSN 0009-2347
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