logo
Plus   Neg
Share
Email

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The United Auto Workers union reportedly plans to go on strike against auto giant General Motors Co. (GM) after both the parties failed to reach a tentative deal before a Saturday deadline. According to CNBC, the strike has been called despite GM saying it presented a "strong offer" to the union.... Millennials and Generation Zs, or people aged between 18 to 34 year, pay more for car repairs, according to a new survey. The average American spent $1,986 over the past five years on vehicle repairs and maintenance, according to a survey by Ally Financial conducted by Harris Poll. However, among... Gap Inc.'s (GPS) Old Navy brand announced plans to open 800 new stores as part of its upcoming split from its parent company. "We'll almost double our fleet to 2,000 stores in North America, predominantly in under-served small markets," Old Navy CEO Sonia Syngal said. The company said the plan was...
Follow RTT