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Evotec

Evotec, Celgene ink drug development deal for stem cell treatments for neurodegenerative diseases

December 16, 2016 By Sarah Faulkner

Evotec, Celgene ink drug development deal for stem cell treatements for neurodegenerative diseases

EvotecĀ (ETR:EVT) said today that it inked a 5-year drug discovery and development deal with CelgeneĀ (NSDQ:CELG) to identify stem cell therapies for a range of neurodegenerative diseases including amyotrophic lateral sclerosis, Alzheimer’s disease and Parkinson’s disease. According to the agreement, Hamburg, Germany-based Evotec will receive an upfront payment of $45 million and Celgene will hold exclusive […]

Filed Under: Discovery, Distribution, Featured, Neurological, Stem Cells, Wall Street Beat Tagged With: Celgene, Evotec, Harvard University

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