Edition:
India

Evotec To Integrate Sanofi's Infectious Diseases Unit


Monday, 18 Jun 2018 

June 18 (Reuters) - Evotec AG ::DGAP-NEWS: EVOTEC AND SANOFI SIGN DEFINITIVE AGREEMENT TO COMBAT INFECTIOUS DISEASES.100 EMPLOYEES WILL JOIN EVOTEC.SANOFI TO PROVIDE SIGNIFICANT SUPPORT TO EVOTEC INCLUDING A ONE-TIME, UPFRONT PAYMENT OF EUR 60 M.SANOFI WILL RETAIN CERTAIN OPTION RIGHTS ON DEVELOPMENT, MANUFACTURING AND COMMERCIALISATION OF ANTI-INFECTIVE PRODUCTS RESULTING FROM LICENSED ASSETS.TRANSACTION WILL RESULT IN INCREASED OPERATING INCOME AS WELL AS INCREASED RESEARCH AND DEVELOPMENT EXPENDITURE.TRANSACTION WILL BE SLIGHTLY ACCRETIVE TO EVOTEC'S EBITDA FOR NEXT FIVE YEARS. 

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