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Finance
Celgene to pay Evotec $65 million in cancer drug pact
by Ryan Cross
May 27, 2018
| A version of this story appeared in
Volume 96, Issue 22
Celgene has struck another long-term drug discovery deal with Evotec, a contract research firm in Hamburg, Germany. For an up-front payment of $65 million, Evotec will apply its phenotypic screening platform and compound libraries to discovering drugs for solid tumors. No details about milestone payments were disclosed. Celgene says it is pleased with a partnership it formed with Evotec in December 2016 in which it paid $45 million for neurodegenerative disease drug discovery.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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