Breaking News, Collaborations & Alliances

Evotec, Sanofi Negotiate Major Strategic R&D Alliance

To encompass pipeline-building, outsourcing alliance, and open innovation initiatives

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By: Kristin Brooks

Managing Editor, Contract Pharma

Evotec AG and Sanofi have entered negotiations for a five-year strategic alliance comprised of three major initiatives focused on improving innovation effectiveness in drug discovery and preclinical development. Sanofi will commit €250 million under the alliance, including an upfront cash payment, and a co-development agreement includes regulatory and sales milestones, as well as royalties. The transaction is expected to be finalized in 1H15.   A pipeline-building collaboration will initially fo...

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