Evotec AG

First milestone achieved in Alzheimer disease collaboration with Takeda

Published in Law and Health Weekly, January 14th, 2006

Evotec, AG, (EVT) announced that the first milestone has been achieved in its 4-year drug-discovery collaboration with Takeda Pharmaceutical Co., Ltd.

Evotec has granted Takeda exclusive rights in a novel target in Alzheimer disease based on successful target identification and validation work triggering a milestone payment of a few million Euro. Importantly, Evotec is eligible for further substantial milestone payments on the successful clinical development of compounds acting on the selected target. Further work within the collaboration is rapidly and productively progressing. Evotec is entitled to additional milestone payments should Takeda select additional targets...

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Source: Law and Health Weekly (2006-01-14)

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