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Evotec, Bristol Myers Squibb Expand Proteomics Pact

Expands pipeline of molecular glue degraders in fields beyond oncology, triggering a $50 million milestone payment to Evotec.

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By: Kristin Brooks

Managing Editor, Contract Pharma

Evotec SE has expanded its strategic partnership with Bristol Myers Squibb relating to building a molecular glue-based pipeline. Key achievements drive the expansion of the pipeline of molecular glue degraders in fields beyond oncology, triggering a program-based payment of $50 million to Evotec.    The companies entered their strategic protein degradation partnership in 2018 and expanded it in May of 2022, based on the highly productive initial collaboration generating a promising pipeline. S...

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