Evotec to expand services offering with Kinaxo acquisition

Evotec is to acquire Kinaxo Biotechnologies, a German drug discovery services company, in a cash and stock deal worth around €16 million.

Evotec is to acquire Kinaxo Biotechnologies, a German drug discovery services company, in a cash and stock deal worth around €16 million.

Evotec will pay €3 million in cash and issue about 2.6 million shares of its stock to Kinaxo.

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Scrip for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from Deals

More from Business