Evotec and Vifor Pharma Sign Major Cooperation Agreement
* Development of preclinical candidate in the field of anaemia
* Evotec to provide integrated biology, chemistry and preclinical development activities
* Project worth in excess of EUR 5.5 million
Hamburg, Germany - Evotec AG (Frankfurt Stock Exchange: EVT, TecDAX) today announced that it has signed an agreement with Vifor Pharma. Evotec will provide and project manage the discovery activities to identify a preclinical candidate for the treatment of anaemia. Due to confidentiality reasons both companies will not reveal further details about the research project.
The agreement applies Evotec’s integrated drug discovery expertise and technologies to progress novel small molecules for the treatment of anaemia from discovery into lead optimisation.
Evotec will use scientists based at both its European and Indian sites covering in vitro biology, medicinal chemistry, in vitro and in vivo pharmacology and the programme will be funded through research funding and success based milestones.
Dr Werner Lanthaler, CEO of Evotec, commented: “This agreement represents a great step forward in our business model, as we are committed to identifying a preclinical candidate within an agreed budget. This will allow us to fully integrate and leverage all of our research sites and scientists to efficiently deliver a preclinical candidate to Vifor Pharma and clearly demonstrates the complete integrated drug discovery capability we have.”
“We have a high regard for Evotec’s drug discovery and development expertise and the capabilities and technologies they will use to progress our project. They have a proven expertise in drug discovery and development and we look forward to achieving success with Evotec” said Dr David Ebsworth, CEO at Vifor Pharma.
Anaemia is a condition in which the haemoglobin concentration in the blood is below a defined level, resulting in a reduced oxygen-carrying capacity of red blood cells. Iron deficiency is the most common nutritional disorder in the world and the most common cause of anaemia. There are an estimated 700 million people in the world with iron deficiency anaemia. Symptoms of iron deficiency/anaemia are fatigue, pallor, hair loss, irritability, weakness, brittle or grooved nails etc.
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