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Evotec Forms Drug Discovery Alliance With LEO On Dermatological Conditions

German drug discovery solutions company Evotec AG (EVTCY.PK,EVOTF.PK) announced a new integrated drug discovery alliance with LEO Pharma. The collaboration goal is to generate new leads against innovative targets for a range of dermatological conditions and initially runs for two years. No financial details of this fee-for-service collaboration were disclosed.

Evotec noted that the collaboration leverages Evotec's hit identification platform including the extensive screening, structural biology and fragment-based drug design capabilities and expertise together with LEO Pharma's 110-year track record of drug development and advancing science in dermatology.

Evotec noted that its integrated discovery scientists will work in a joint team with scientists from LEO Pharma. The alliance will receive further support with high-value drug development and discovery ADME-Tox services.

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