We've updated our Privacy Policy to make it clearer how we use your personal data.

We use cookies to provide you with a better experience. You can read our Cookie Policy here.

Advertisement
Evotec and Boehringer Ingelheim Achieve Second Milestone in Joint Discovery Collaboration
News

Evotec and Boehringer Ingelheim Achieve Second Milestone in Joint Discovery Collaboration

Evotec and Boehringer Ingelheim Achieve Second Milestone in Joint Discovery Collaboration
News

Evotec and Boehringer Ingelheim Achieve Second Milestone in Joint Discovery Collaboration

Read time:
 

Want a FREE PDF version of This News Story?

Complete the form below and we will email you a PDF version of "Evotec and Boehringer Ingelheim Achieve Second Milestone in Joint Discovery Collaboration"

First Name*
Last Name*
Email Address*
Country*
Company Type*
Job Function*
Would you like to receive further email communication from Technology Networks?

Technology Networks Ltd. needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, check out our Privacy Policy

Evotec AG has announced that the second milestone in its research collaboration with Boehringer Ingelheim has been achieved.

Under the terms of the drug discovery contract, Evotec will receive a milestone payment from Boehringer Ingelheim which was granted for the identification of a number of lead series for a priority receptor target.

This is the second time within eighteen months that a target moves into lead optimisation and this also follows the expansion of the collaboration announced in January.

Further projects within the multi-target collaboration are progressing on schedule and are on track to achieve additional project milestones for which Evotec is entitled to additional payments from Boehringer Ingelheim.

In addition, the contract provides substantial long-term upside through potential payments for milestone achievements during clinical development and royalties when new drugs reach the market.

Dr Mark Ashton, Executive Vice President, Business Development, Services at Evotec, commented, "Cooperating with prestigious pharmaceutical companies such as Boehringer Ingelheim is central to Evotec’s success."

"We are extremely proud that we have achieved our second milestone with Boehringer and that we have been able to rapidly advance hit compounds, discovered from screening this target at Evotec, to qualified lead series."

"This is an excellent validation of our research contribution and is even more pleasing as it comes right at the time that we have significantly extended and expanded our partnership."

"Our relationship with Boehringer is extremely important to us and we are committed to supporting them in advancing multiple biological targets through to clinical development."

Professor Mikael Dolsten, Head of Corporate Division Pharma Research/Discovery, Boehringer Ingelheim GmbH, said, "We are very pleased with the rapid progress achieved in the collaboration."

"The basis for this second milestone achievement was both the strong interdisciplinary project work as well as the good team spirit between the Boehringer Ingelheim and Evotec scientists."

"We are looking forward to further progress with the two advanced projects and to further exciting research activities."

Advertisement