Brief: Evotec Enters Strategic Partnership WIth Chinook For Chronic Kidney Disease

Chinook Therapeutics

01/03/2021 06:33

March 1 (Reuters) - Evotec Se  EVTG.DE :
    * DGAP-NEWS: EVOTEC AND CHINOOK THERAPEUTICS ENTER INTO
STRATEGIC
COLLABORATION TO DISCOVER AND DEVELOP NOVEL PRECISION MEDICINES
FOR CHRONIC KIDNEY DISEASES
    * DGAP-NEWS: EVOTEC AND CHINOOK THERAPEUTICS ENTER INTO
STRATEGIC
COLLABORATION TO DISCOVER AND DEVELOP NOVEL PRECISION MEDICINES
FOR CHRONIC KIDNEY DISEASES
    * SAYS UNDER TERMS OF AGREEMENT, CHINOOK AND EVOTEC WILL
SHARE
DRUG DISCOVERY AND PRE-CLINICAL DEVELOPMENT RESPONSIBILITIES
    * SAYS IT WILL RECEIVE AN UNDISCLOSED UPFRONT PAYMENT,
RESEARCH
FUNDING, AND WILL BE ELIGIBLE TO RECEIVE PROGRESS-DEPENDENT
MILESTONE PAYMENTS AND TIERED ROYALTIES ON NET SALES FOR TARGETS
IDENTIFIED THROUGH COLLABORATION.

Further company coverage:  EVTG.DE 

 (Reporting By Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))