Evotec reaches first milestone in Alzheimer's collaboration

Published: 22-Dec-2005

Evotec of Hambrug, Germany, has achieved a first milestone in its four-year drug discovery collaboration with Takeda Pharmaceutical Co, from Osaka, Japan. Evotec has granted Takeda exclusive rights in a novel target in Alzheimer\'s disease, based on successful target identification and validation work triggering a milestone payment of a few million Euro.


Evotec of Hambrug, Germany, has achieved a first milestone in its four-year drug discovery collaboration with Takeda Pharmaceutical Co, from Osaka, Japan. Evotec has granted Takeda exclusive rights in a novel target in Alzheimer's disease, based on successful target identification and validation work triggering a milestone payment of a few million Euro.

Evotec is eligible for further milestone payments on the successful clinical development of compounds acting on the selected target. Work within the collaboration is rapidly progressing and is entitled to additional milestone payments should Takeda select additional targets.

The four-year collaboration between Evotec and Takeda is aimed at jointly identifying and validating novel targets relating to different aspects of the causes and progression of Alzheimer's disease.

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