Evotec & Roche Ink Alzheimer's Pact
Evotec and Roche have teamed up to develop and commercialize MAO-B inhibitor of Evotec for the patients with Alzheimer's disease.
German biotechnology company Evotec and Switzerland-based Roche announced Monday that they have signed an exclusive worldwide agreement for the development and commercialization of Evotec's MAO-B inhibitor in patients with Alzheimer's disease (AD).
According the deal, Roche will pay Evotec an upfront fee of $10 million, and as much as $820 million in development and commercial milestone payments, as well as tiered double-digit royalties on sales.
Roche will initiate studies in 2012 to demonstrate proof of concept and will be responsible for all clinical development, manufacturing and commercialization activities.
Evotec's compound (EVT 302) is a novel, pot
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