Evotec Collaborated with Almirall to Discover and Develop Novel Therapies for the Treatment of Skin Diseases
Shots:
- Evotec receives $241.23M up front, research fees & is eligible to receive success-based milestones along with royalties on net sales. Additionally, both companies will contribute drug targets in the research process
- The collaboration will use Evotec's AI/ML-driven EVOiR&D platform and Almirall's expertise in Medical Dermatology to discover and develop novel therapies for the treatment of severe skin diseases including immune-mediated inflammatory conditions i.e., AD and non-melanoma skin cancer
- Evotec will lead the drug discovery & pre-clinical development while Almirall will be responsible for the clinical development and marketing of the product
Ref: accesswire| Image: Evotec
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