Evotec reaches first milestone with Cardioxyl CXL-1020
Cardioxyl Pharmaceuticals has made its first milestone payment to Evotec
Evotec has reached an important milestone with Cardioxyl Pharmaceuticals under a collaboration agreement for the compound, CXL-1020, which has moved into clinical testing. Cardioxyl Pharmaceuticals has made its first milestone payment to Evotec.
Evotec has been providing medicinal chemistry support to Cardioxyl for more than three years. During this time CXL-1020 has been taken from lead optimisation to pre-clinical development, and has now progressed to Phase I/IIa testing in heart failure patients. Using its expertise in lead optimisation and computer-aided drug design (CADD), Evotec has optimised a range of molecules with the aim of identifying clinical compounds.