Evotec and Roche Form Global Alliance to Jointly Discover Novel Drugs
22-Jun-2006
Roche and Evotec will jointly progress projects up to clinical development, at which stage Roche will have exclusive rights to the development of the drug candidates. In return, Evotec will be eligible to receive milestone payments that could exceed 100 million Euros in total, plus royalties on the sale of any products. If Roche does not exercise these opt-in rights, Evotec will have the right to opt-in, making adjusted payments to Roche.
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