Brief: Evolva Holding enters into agreement with private US biotech venture

EvoNext Holdings SA

18/08/2016 24:41

Aug 18 (Reuters) - Evolva Holding Sa  EVE.S  
    * Entered into an agreement with private us biotech venture 
to develop new production routes for existing active 
pharmaceutical ingredients 
    * Later phases will potentially increase this to several 
tens of millions of dollars in research and development funding 
    * Partnership does not change revenue guidance for 2016 
    * Will receive a low single digit million us dollar sum over 
next 12 months 
    * Also receives a 20% equity stake in partner 
 
Source text for Eikon:  ID:nBw1Lj7Lna  
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