Corporate | 13 December 2017 07:30
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DGAP-News: Evotec AG / Key word(s): Agreement
– COLLABORATION HIGHLIGHTS EVT INNOVATE’S BUSINESS MODEL TO ACCESS LEADING ACADEMIC EXPERTISE
Dresden and Hamburg, Germany, 13 December 2017:
The global retinal dystrophy market – which includes both rare genetic diseases as well as glaucoma, AMD and diabetic retinopathy – represents millions of patients. Whilst cell replacement and gene therapies will likely play an important role in the future, there continues to be a need for small molecule treatments as both monotherapy and in combination with other therapies. Through the use of patient-derived iPSCs and subsequent differentiation into various cell types contained in the retina, the collaboration aims to build highly relevant “disease-in-a-dish” models that may lead to potential cures for the major causes of blindness. Prof. Ezio Bonifacio, Director, CRTD, said: “As an academic institution where our employees and students hail from more than 30 different countries, CRTD was founded on scientific principles that support strong interdisciplinary research on a global scale. Due to this, we recognise the importance of generating more productive relationships between academia and industry across all countries. As a leading discovery alliance partner, we believe that Evotec shares our bold vision and are very pleased to collaborate with the company under its EVT Innovate platform. We look forward to working closely with our colleagues at Evotec to discover new therapeutic approaches for retinal diseases and laying the groundwork for better overall human health.” Dr Cord Dohrmann, Chief Scientific Officer of Evotec, commented: “We are very pleased to enter into this collaboration with CRTD in the field of retinal diseases, which constitutes a market of enormous unmet medical need. CRTD is a world leader in stem cell-derived modelling of retinal disease and thus fits perfectly into our strategy to continue to build and expand Evotec’s unique iPSC based drug discovery platform.” Financial terms of the collaboration were not disclosed.
ABOUT THE CENTER FOR REGENERATIVE THERAPIES DRESDEN (CRTD)
ABOUT EVOTEC AG
Contact Evotec AG:
Gabriele Hansen, VP Corporate Communications & Investor Relations, Phone: +49.(0)40.56081-255,
gabriele.hansen@evotec.com
FORWARD LOOKING STATEMENTS
13.12.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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| Language: | English |
| Company: | Evotec AG |
| 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 |
| Indices: | TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |