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BMS Pays Evotec $75M for Molecular Glue Research Progress

The companies have made substantial progress in their strategic research collaboration.

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By: Charlie Sternberg

Associate Editor

Evotec SE has announced substantial progress in its strategic research collaboration with Bristol Myers Squibb, which aims to develop a high-value molecular glue-based pipeline for addressing unmet medical needs. Evotec will receive payments totaling $75 million based on performance-based and program-based achievements. The collaboration, initiated in 2018, integrates Evotec’s advanced multi-omics screening capabilities, AI-supported data analytics, and drug design expertise with Bristol Myer...

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