Evotec partner Forge receives second CARB-X award for up to $ 11.1 m
Hamburg, Germany, 04 January 2019: Evotec AG (Frankfurt Stock Exchange: EVT, TecDAX, ISIN: DE0005664809) today announced that its partner Forge Therapeutics ("Forge") has received a second award from CARB-X (Combating Antibiotic Resistant Bacteria) for developing a novel antibacterial therapeutic agent. The award commits initial funding up to $ 5.7 m to Forge with the possibility of up to another $ 5.4 m based on the achievement of technical milestones.
For further information, please follow this link to Forge’s full press release: www.forgetherapeutics.com/media/
About Evotec and Forge Therapeutics
In December 2016, Evotec entered into a strategic alliance with Forge to accelerate its novel Gram-negative antibiotic programme. The alliance focuses on lead optimisation with the goal of identifying a development candidate in the next couple of years.
FORWARD LOOKING STATEMENTS
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