Evotec Receives Milestone Payment for Ion Channel Project
This project was initiated in October 2009 and the two firms will continue this research collaboration until April 2012.
Evotec AG, a leader in the discovery and development of novel small molecule drugs, announced yesterday it received a milestone payment for reaching specific success criteria in an ion channel research collaboration with Ono Pharmaceutical Co.
This project was initiated in October 2009 to identify small molecules targeting an ion channel implicated in cardiovascular, CNS and urological diseases. The companies have successfully identified multiple compounds meeting various criteria in activity, selectivity and pharmacokinetic characteristics.
Evotec and Ono will continue this research collaboration until April 2012 and enter into lead optimization with the goal to generate new chemical entities, which will have the potential to become new drug candidates. Ono has a
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