Evotec OAI to develop antibiotics with Prolysis

Published: 1-Feb-2003
Sustainability


German drug discovery company Evotec OAI has entered into a three-year development agreement with Prolysis, of Oxford in the UK, a biotechnology company dedicated to the discovery and development of new antibiotics.

During the course of the agreement, which is worth approximately €5m (US$5.3m), Prolysis will gain access to more than 20 man-years of dedicated expert chemistry resource. The agreement may be extended into development, increasing its value to approximately €10m ($10.5m).

In the search for new antibiotic drugs the Evotec OAI team will apply its biology, medicinal and computational chemistry skills to design and synthesise compounds against selected Prolysis targets. Evotec OAI will optimise the drug-like and ADME/Tox properties of those substances using its early ADME/Tox platform. Evotec OAI will receive fees for services as well as an equity stake in Prolysis.

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