Evotec announces multi-target collaboration with UCB in neurodegenerative and neurological diseases

7/7/2011, 7:29 AM (Source: GlobeNewswire)
Evotec AG /
Evotec announces multi-target collaboration with UCB in neurodegenerative and
neurological diseases
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The issuer is solely responsible for the content of this announcement.

Hamburg, Germany -7 July 2011: Evotec AG (Frankfurt Stock Exchange: EVT, TecDAX)
today announced that it has entered into a three year integrated drug discovery
collaboration with UCB to identify small molecule modulators of priority
biological targets, selected by UCB, involved in CNS disorders.

As part of the collaboration, Evotec will apply their integrated drug discovery
expertise and technologies to identify interesting small molecules against the
selected targets. The molecules will be further optimised and progressed through
lead optimization to a pre-clinical candidate.

Evotec will receive a fixed research funding fee over the term of collaboration
and will be further rewarded on achieving the goals of the research
collaboration with early stage discovery, preclinical and clinical milestones.
In addition Evotec will receive royalties based on net sales of any approved
drugs from the collaboration.

Dr Mario Polywka, Chief Operating Officer at Evotec stated: "We are extremely
pleased that UCB selected Evotec to collaborate on this exciting Drug Discovery
Collaboration.  This integrated drug discovery deal showcases our CNS disease
expertise coupled with our industry leading platform.  We look forward to a
fruitful collaboration with UCB."

No financial details are disclosed.

Contact Evotec AG:
Dr Werner Lanthaler, Chief Executive Officer, Phone:
+49.(0)40.56081-242,werner.lanthaler@evotec.com

Forward-Looking Statements - Information set forth in this press release
contains forward-looking statements, which involve a number of risks and
uncertainties. The forward-looking statements contained herein represent the
judgement of Evotec as of the date of this report. Such forward-looking
statements are neither promises nor guarantees, but are subject to a variety of
risks and uncertainties, many of which are beyond our control, and which could
cause actual results to differ materially from those contemplated in these
forward-looking statements. We expressly disclaim any obligation or undertaking
to release publicly any updates or revisions to any such statements to reflect
any change in our expectations or any change in events, conditions or
circumstances on which any such statement is based.


--- End of Message ---

Evotec AG
Schnackenburgallee 114 Hamburg Germany

WKN: 566480;ISIN: DE0005664809;
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PDF of press release:
http://hugin.info/131215/R/1529069/464620.pdf




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