DGAP-News: EVOTEC AND GALAPAGOS ENTER INTO COLLABORATION IN THE FIELD OF FIBROSIS


Nachricht vom 07.02.201907.02.2019 (www.4investors.de) -


DGAP-News: Evotec AG / Key word(s): Miscellaneous

EVOTEC AND GALAPAGOS ENTER INTO COLLABORATION IN THE FIELD OF FIBROSIS
07.02.2019 / 07:30


The issuer is solely responsible for the content of this announcement.
COLLABORATION COMPRISES LICENCE AGREEMENT FOR A PROGRAMME DEVELOPED BY EVOTEC AS WELL AS ITS DRUG DISCOVERY CAPABILITIES
EVOTEC RECEIVES UNDISCLOSED UPFRONT PAYMENT AND IS ELIGIBLE FOR POTENTIAL MILESTONES AS WELL AS ROYALTY PAYMENTS

 

Hamburg, Germany, and Mechelen, Belgium, 07 February 2019: Evotec AG (Frankfurt Stock Exchange: EVT, MDAX/TecDAX, ISIN: DE0005664809) and Galapagos NV (Euronext & NASDAQ: GLPG) today announced a global collaboration focused on a novel target for fibrosis and other indications.
The collaboration concerns a small molecule programme, currently in pre-clinical development for the treatment of fibrotic diseases of the liver and other organs. The target has been identified and validated using Evotec's proprietary platforms for fibrotic diseases and NASH. Evotec utilised its in-house assay development and drug screening capabilities to identify small molecule modulators against the target, which remains undisclosed.
In exchange for global commercialisation rights to Galapagos, Evotec receives an upfront payment and is eligible for potential milestone and royalty payments. Galapagos will be responsible for all further development of the programme. Furthermore, Galapagos will have access to specific screening formats at Evotec to support the final pre-clinical development.Dr Cord Dohrmann, Chief Scientific Officer of Evotec, commented: "We are delighted to be working with Galapagos on this innovative project in an area of high unmet medical need. The team at Galapagos share our focus on novel, first-in-class therapeutic candidates and we are glad to be part of their portfolio building."
"Following the Fibrocor deal announced early January, the collaboration with Evotec announced today again underlines our commitment to expanding our fibrosis franchise", said Dr Piet Wigerinck, Chief Scientific Officer of Galapagos. "We highly regard the scientific know-how of Evotec, and are hence very much looking forward to collaborating with the team."ABOUT GALAPAGOS NVGalapagos (Euronext & NASDAQ: GLPG) discovers and develops small molecule medicines with novel modes of action, three of which show promising patient results and are currently in late-stage development in multiple diseases. Our pipeline comprises Phase 3 through to discovery programs in inflammation, fibrosis, osteoarthritis and other indications. Our ambition is to become a leading global biopharmaceutical company focused on the discovery, development and commercialization of innovative medicines. More information at www.glpg.com.Galapagos Investors:
Elizabeth Goodwin
VP IR & Corporate Communications
+1 781 460 1784
Sofie Van Gijsel
Director IR
+32 485 19 14 15ir@glpg.comGalapagos Media:
Evelyn Fox
Director Communications
+31 6 53 591 999 communications@glpg.comABOUT EVOTEC AG
Evotec is a drug discovery alliance and development partnership company focused on rapidly progressing innovative product approaches with leading pharmaceutical and biotechnology companies, academics, patient advocacy groups and venture capitalists. We operate worldwide and our more than 2,500 employees provide the highest quality stand-alone and integrated drug discovery and development solutions. We cover all activities from target-to-clinic to meet the industry's need for innovation and efficiency in drug discovery and development (EVT Execute). The Company has established a unique position by assembling top-class scientific experts and integrating state-of-the-art technologies as well as substantial experience and expertise in key therapeutic areas including neuronal diseases, diabetes and complications of diabetes, pain and inflammation, oncology, infectious diseases, respiratory diseases and fibrosis. On this basis, Evotec has built a broad and deep pipeline of approx. 100 co-owned product opportunities at clinical, pre-clinical and discovery stages (EVT Innovate). Evotec has established multiple long-term alliances with partners including Bayer, Boehringer Ingelheim, Celgene, CHDI, Novartis, Novo Nordisk, Pfizer, Sanofi, Takeda, UCB and others. For additional information please go to www.evotec.com and follow us on Twitter @EvotecAG.
FORWARD LOOKING STATEMENTS
Information set forth in this press release contains forward-looking statements, which involve a number of risks and uncertainties. The forward-looking statements contained herein represent the judgement of Evotec as of the date of this press release. Such forward-looking statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, and which could cause actual results to differ materially from those contemplated in these forward-looking statements. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based.Contact Evotec AG:
Gabriele Hansen, VP Corporate Communications & Investor Relations, Phone: +49.(0)40.56081-255, gabriele.hansen@evotec.com












07.02.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:
English
Company:
Evotec AG

Manfred Eigen Campus / Essener Bogen 7

22419 Hamburg


Germany
Phone:
+49 (0)40 560 81-0
Fax:
+49 (0)40 560 81-222
E-mail:
info@evotec.com
Internet:
www.evotec.com
ISIN:
DE0005664809
WKN:
566480
Indices:
MDAX, TecDAX
Listed:
Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

 
End of News
DGAP News Service




773467  07.02.2019 











Aktuelle Nachrichten aus der 4investors-Redaktion

24.05.2019 - Max21: Ein sofortiger Verkauf
24.05.2019 - Osram Aktie: Spekulationen auf die Wende
24.05.2019 - BayWa denkt über Anleihe nach
24.05.2019 - Deutsche Bank Aktie: Steht eine Kurserholung in den Startlöchern?
24.05.2019 - SMA Solar Aktie: Das steckt hinter dem Kurssprung
24.05.2019 - Epigenomics: Aufsichtsrat kauft Aktien, Aktienkurs steigt
24.05.2019 - The Grounds: Fortschritte bei Projekt in Magdeburg
24.05.2019 - Vonovia will Victoria Park komplett übernehmen
24.05.2019 - Stratec sieht sich im Plan - Gewinn gesteigert
24.05.2019 - Vapiano: Finanzierung steht


Chartanalysen

24.05.2019 - Osram Aktie: Spekulationen auf die Wende
24.05.2019 - Deutsche Bank Aktie: Steht eine Kurserholung in den Startlöchern?
24.05.2019 - Steinhoff Aktie: Kommt der Sturz ans Allzeittief?
24.05.2019 - Wirecard Aktie: Nur ein kleiner Funke reicht…
23.05.2019 - Wirecard Aktie: Wenn das mal gut geht…
23.05.2019 - Gazprom Aktie: Kommt die Kursrakete zurück auf den Boden?
23.05.2019 - Aareal Bank Aktie: Der Dividendenabschlag bringt Chancen
23.05.2019 - BASF Aktie: Kommt die Wende?
23.05.2019 - TUI Aktie: Wo endet die Bärenparty?
23.05.2019 - Steinhoff Aktie: Eine Drama ohne Ende


Analystenschätzungen

24.05.2019 - BASF: Leichtes Aufwärtspotenzial für die Aktie
24.05.2019 - Deutsche Bank: Und was ändert sich?
24.05.2019 - Godewind Immobilien: Klares Kaufvotum
24.05.2019 - CTS Eventim: Aktie wird abgestuft
24.05.2019 - Brenntag: Erwartungen werden leicht verfehlt
24.05.2019 - DFV: Starker Auftakt
24.05.2019 - HWA: Kurzfristige Belastung
24.05.2019 - Borussia Dortmund: Analysten starten mit Kaufvotum
24.05.2019 - Bayer: Klarer Aufwärtstrend
24.05.2019 - Rational: Voll im Trend


Kolumnen

24.05.2019 - Brexit: May kündigt Rücktritt an, ruft zu Kompromissen auf - Nord LB Kolumne
24.05.2019 - DAX: Angst vor einer Eskalation im Handelsstreit - Donner & Reuschel Kolumne
24.05.2019 - Im Blickpunkt: Sorgenkind bleibt die Industrie - Commerzbank Kolumne
24.05.2019 - Silber: Zentrale Unterstützung wird angegriffen - UBS Kolumne
24.05.2019 - DAX: Weitere Verkaufswelle droht - UBS Kolumne
23.05.2019 - ifo-Geschäftsklima: Deutliche Eintrübung - Nord LB Kolumne
23.05.2019 - Deutschland: ifo-Geschäftsklimaindex fällt im Mai - VP Bank Kolumne
23.05.2019 - Im Blickpunkt: „Dynamic Pricing” für weniger Abfall? - Commerzbank Kolumne
23.05.2019 - Facebook Aktie: Korrekturphase noch nicht ausgestanden - UBS Kolumne
23.05.2019 - DAX: Bewährungsprobe geht in neue Runde - UBS Kolumne