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MedImmune, Evotec Expand Diabetes Alliance

Evotec receives milestone payment

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Evotec AG has expanded its collaboration with MedImmune after reaching a key milestone, triggering a payment of $653,000. MedImmune has been granted a commercial license and the companies will extend their diabetes and beta cell regeneration collaboration through 2013.   Under the agreement, MedImmune has exclusive access to a defined set of biologic targets that have the potential to prevent or reverse disease progression in diabetic patients. Evotec will receive additional research payments to...

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