Evotec subsidiary raises EUR 25M

Evotec Neurosciences, a subsidiary of Evotec OAI (FSE:EVT), raised EUR 25 million ($30 million) in a series A round led by TVM Techno Venture Management. Other investors included 3i; MVM; Ventech; Star Ventures; and private investors. EVT now owns 42% of the subsidiary, which initially is focused on Alzheimer's disease (AD). ...