- EVOTEC ACQUIRES SITE FROM SANOFI AND SECURES CAPACITY FOR LONG-TERM GROWTH
- "BIOPARK BY SANOFI", A DYNAMIC CENTRE FOR TOULOUSE'S SCIENTIFIC AND ACADEMIC ECOSYSTEM WILL BE RENAMED TO "CAMPUS CURIE"
- CURRENT BIOPARK EMPLOYEES TRANSFERRING TO EVOTEC
HAMBURG, GERMANY / ACCESSWIRE / July 8, 2020 / Evotec SE (Frankfurt Stock Exchange: EVT, MDAX/TecDAX, ISIN: DE0005664809) today announced that Evotec has added significant opportunity for further, long-term growth of its Toulouse-based operations by taking over "Biopark by Sanofi" ("BBS"). As of 01 July 2020, Evotec has acquired 100% of the shares of BBS which will be named to "Campus Curie" going forward.
Set in the life sciences research area "Oncopole", BBS owns and manages the Toulouse site at which Evotec has been the major tenant since acquiring Sanofi's Toulouse-based scientific operations in 2015. Since then, the number of employees at Evotec's Toulouse site has almost tripled to approximately 600.
The acquisition of BBS will allow Evotec to significantly expand its existing capacities at the site over the near to mid-term while retaining maximum flexibility to build up long-term capacity as needed. With a team of 19 employees, who have all transferred to Evotec, the Campus Curie will continue to manage the site and provide facility services to all tenants.
Dr Werner Lanthaler, Chief Executive Officer of Evotec, commented: "Evotec is strongly committed to creating sustainable growth opportunities at all of our international sites. Acquiring the site at very attractive terms will give us plenty of opportunities to grow our business in Toulouse and is an important part of our growth strategy. We are especially happy to warmly welcome our co-workers of more than five years as new colleagues into the Evotec family."
Dr Craig Johnstone, Chief Operating Officer of Evotec, added: "We are extremely glad to sustainably grow our operations through the acquisition of BBS. Creating capacity for long-term growth answers the strong demand from multiple Pharma and Biotech customers as well as scientific foundations for high quality integrated drug discovery. Evotec France has been on an ambitious growth track right from the start and now has the capacities necessary to fully unfold its potential in the years to come."
No financial terms of the agreement were disclosed.
ABOUT EVOTEC SE
Evotec is a drug discovery alliance and development partnership company focused on rapidly progressing innovative product approaches with leading pharmaceutical and biotechnology companies, academics, patient advocacy groups and venture capitalists. We operate worldwide and our more than 3,000 employees provide the highest quality stand-alone and integrated drug discovery and development solutions. We cover all activities from target-to-clinic to meet the industry's need for innovation and efficiency in drug discovery and development (EVT Execute). The Company has established a unique position by assembling top-class scientific experts and integrating state-of-the-art technologies as well as substantial experience and expertise in key therapeutic areas including neuronal diseases, diabetes and complications of diabetes, pain and inflammation, oncology, infectious diseases, respiratory diseases, fibrosis, rare diseases and women's health. On this basis, Evotec has built a broad and deep pipeline of approx. 100 co-owned product opportunities at clinical, pre-clinical and discovery stages (EVT Innovate). Evotec has established multiple long-term alliances with partners including Bayer, Boehringer Ingelheim, Bristol-Myers Squibb, CHDI, Novartis, Novo Nordisk, Pfizer, Sanofi, Takeda, UCB and others. For additional information please go to www.evotec.com and follow us on Twitter @Evotec.
FORWARD LOOKING STATEMENTS
Information set forth in this press release contains forward-looking statements, which involve a number of risks and uncertainties. The forward-looking statements contained herein represent the judgement of Evotec as of the date of this press release. Such forward-looking statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, and which could cause actual results to differ materially from those contemplated in these forward-looking statements. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based.
Contact Evotec SE:
Gabriele Hansen, SVP Corporate Communications, Marketing & Investor Relations, Phone: +49.(0)40.56081-255, [email protected]
SOURCE: Evotec AG via EQS Newswire