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12:00 AM
 | 
Dec 16, 2013
 |  BC Week In Review  |  Company News  |  Deals

Evotec, J&J deal

Evotec said it will not receive a $6 million preclinical milestone from partner Johnson & Johnson under a 2012 deal for depressive disorders. As a result, Evotec said it will record a charge of up to €22 million ($30.2 million) and lowered its 2013 guidance. The company now expects 2013 revenues of €84-€86 million ($115.2-$117.9 million), down from its previous guidance of €90-€100 million...

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