Sanofi licenses infectious disease assets to Evotec
German biotech firm Evotec (EVT: Xetra) has signed a deal to in-license more than 10 infectious disease (ID) assets from French drug major Sanofi (Euronext: SAN).
Evotec will also licence-in the majority of Sanofi's ID research portfolio and initiatives and will receive 60 million euros ($70 million) upfront from the Paris-based company along with additional, significant long-term funding to ensure the progression of the anti-infectives portfolio.
"Evotec will have created the highest qualified translational footprint in infectious disease research globally"
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