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Evotec Participates in the Sale of Direvo Biotech to Bayer Healthcare


Hamburg, Germany - Evotec AG (Frankfurt Stock Exchange: EVT; NASDAQ: EVTC) announced today that the Company participates via convertible bonds in the sale of Direvo Biotech AG to Bayer HealthCare AG published this morning. Evotec holds convertible bonds valued at approximately EUR 5 million which Evotec received as part of the compensation for the sale of its equity holding in Direvo in May 2007.

Evotec co-founded Direvo in 2000 and got an equity stake in the new venture in exchange for licenses to Evotec’s EVOscreen® technology. Direvo uses high throughput technologies for the rapid discovery and optimization of biopharmaceuticals and other biomolecules.

Contact: Anne Hennecke, Senior Vice President, Investor Relations & Corporate Communications, Evotec AG, Phone: +49.(0)40.56081-286,

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