Deal Snapshot: German Evotec to Take Over Develogen for Eur14m

Summary


MANAVIGATOR-July 16, 2010-Deal snapshot: GERMAN EVOTEC TO TAKE OVER DEVELOGEN FOR EUR14M (C)2010 M2 COMMUNICATIONS http:// www.m2.com

German drug discovery and development firm Evotec (ETR:EVT) said it had struck a definite deal to buy biopharmaceutical company DeveloGen for EUR14m (USD17.8m) in stock and a cash earn-out.

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Deal Snapshot: German Evotec to Take Over Develogen for Eur14m

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