US DoD picks Evotec for rapid antibody development plan
German multi-modal biotech Evotec (EVT: Xetra) has agreed terms for a $74 million project, building on work it has been undertaking on behalf of the US Department of Defense (DOD).
The money has been awarded to Evotec’s Seattle, USA-based subsidiary, Just-Evotec Biologics, and will be used to facilitate the rapid development of antibody candidates targeting orthopoxviruses.
A first contract under the Accelerated Antibodies program, for the development of biologic treatments for plague, was agreed in September 2022.
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