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Evotec To Buy Just Biotherapeutics For Up To US$90 Mln

Evotec SE (EVTCY.PK,EVOTF.PK) said that it agreed to acquire Just Biotherapeutics Inc. based in Seattle, WA, USA for up to US$90 million or about 81 million euros including potential performance-based earn-out components expected within the next three years. The company expects to close the acquisition in the second quarter of 2019.

Just.Bio is a technology company that integrates scientific expertise and technologies for design, development, and manufacturing of biologics. Just.Bio has about 90 employees, mainly scientists, all working at a state-of-the-art discovery, development and manufacturing facility in Seattle, WA, USA.

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