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EQS-Adhoc: Just – Evotec Biologics enters strategic biosimilars partnership with Sandoz

EQS-Ad-hoc: Evotec SE / Key word(s): Miscellaneous
Just – Evotec Biologics enters strategic biosimilars partnership with Sandoz

09-May-2023 / 20:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Hamburg, Germany, – Evotec SE (Frankfurt Stock Exchange: EVT, Prime Standard, ISIN: DE 000 566480 9, WKN 566480; NASDAQ: EVO) announces that Evotec’s Seattle-based subsidiary, Just – Evotec Biologics, Inc., has entered a multi-year, long-term tech partnership with Sandoz for the immediate development and subsequent manufacturing of multiple biosimilars.

The partnership includes an option for the non-exclusive in-licensing of Just – Evotec Biologics’ proprietary J.DESIGN technology by Sandoz to build a state-of-the-art, ‘S.POD’ facility fully owned by Sandoz in the latter part of this decade.

Just – Evotec Biologics will receive a double-digit-million upfront and future payments of US$ 640 m dependent on successful development progress as well as additional undisclosed payments dependent on progress into commercial manufacturing and exercise of the licensing option.

- End of the ad hoc release –

Contact: Dr Werner Lanthaler, Chief Executive Officer, Evotec SE, Manfred Eigen Campus, Essener Bogen 7, 22419 Hamburg, Germany, Phone: +49.(0)40.560 81-0, werner.lanthaler@evotec.eu



End of Inside Information

09-May-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language:English
Company:Evotec SE
Manfred Eigen Campus / Essener Bogen 7
22419 Hamburg
Germany
Phone:+49 (0)40 560 81-0
Fax:+49 (0)40 560 81-222
E-mail:info@evotec.com
Internet:www.evotec.com
ISIN:DE0005664809
WKN:566480
Listed:Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Nasdaq
EQS News ID:1628543

 
End of AnnouncementEQS News Service

1628543  09-May-2023 CET/CEST

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