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Evotec's in vitro screens key to Harvard-J&J beta cell deal for diabetes
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Monday, July 30, 2012
In the last 16 months Evotec
AG has done two deals using its porcine beta cell screening technology.
The first was a collaboration with Harvard
University to discover diabetes therapies targeting beta cell
regeneration. This month, Johnson
& Johnson snapped up the resulting portfolio of small molecules and
Pharmaceuticals Inc. subsidiary has exclusive rights to develop and commercialize
the drug candidates for Type I and Type II diabetes. Evotec and Harvard will
share the $8 million upfront payment, as well as potential milestone payments
of up to $300 million per product plus royalties.
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