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Pharmaceuticals

Takeda enlists Evotec for early-stage drug discovery

by Lisa M. Jarvis
September 27, 2019 | A version of this story appeared in Volume 97, Issue 38

 

Takeda Pharmaceutical has enlisted Evotec to develop small-molecule drug candidates as part of a broad discovery pact. In exchange for an undisclosed up-front fee, Evotec will work on therapies for oncology, gastroenterology, neuroscience, and rare diseases. Takeda has an option to acquire compounds at the lead-development or clinical-candidate stages. The deal between the longtime collaborators comes as Takeda sheds jobs in other parts of its business after its acquisition of Shire.

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