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Evotec Reaches BI Discovery Milestone

Pact yields four milestones in 2011

By: Gil Roth

President, Pharma & Biopharma Outsourcing Association

Evotec has achieved a milestone in its research alliance with Boehringer Ingelheim, triggering a payment of $3.3 million. The milestone was achieved for the identification and selection of a compound to be advanced into extended profiling prior to pre-clinical development within an oncology programme. This was the fourth milestone achieved in 2011 and represents a total of $14.5 million of milestones achieved within that year. Dr Mario Polywka, chief operating officer of Evotec, commented, &#82...

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