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Evotec Stock Buoyed By Takeda Alliance

 
• By Sten Stovall

Evotec and Takeda aim to develop at least five drug candidates by leveraging the German group’s discovery platform.

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Evotec entered a multi-year drug discovery pact with Takeda. • Source: Shutterstock

Evotec SE received a share price boost on 24 September after the German biotech announced its latest multi-year drug discovery collaboration, this time with Japan-based with Takeda Pharmaceutical Co. Ltd., under which the duo will aim to develop at least five drug candidates by leveraging Evotec's drug discovery platform.

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