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Evotec and Related Sciences expand integrated drug discovery and development partnership - Seite 2

In addition to substantial investment from RS and its companies to finance all Evotec-led research and discovery efforts across the portfolio of promising new drug programmes, Evotec is eligible to receive milestones, royalties, and a founding equity stake in all RS assets developed under the partnership.

Dr Craig Johnstone, Chief Operating Officer of Evotec, said: “We are delighted to expand and extend this unique and transformative partnership with Related Sciences. Through best-in-class, fully integrated interdisciplinary science, A.I./M.L.-enabled target selection and drug design, and joint project leadership and portfolio management, Evotec and Related Sciences are well positioned to generate novel, high quality treatments for patients with significant unmet medical needs.”

Adam Kolom, Cofounder and CEO at Related Sciences, said: “Our unique data science, technology, and risk-optimization platforms at Related Sciences combine beautifully with Evotec’s best-in-class integrated drug discovery capabilities to create a powerful new model for hyper-efficient, scalable discovery of important new medicines for patients. We are excited to continue our collaborative work in this partnership, including adding new world-class capabilities for the discovery of covalent inhibitors to our growing, multi-modality portfolios.”

No financial details of the collaboration were disclosed.


ABOUT RELATED SCIENCES
Related Sciences (RS) builds and manages a new class of risk-optimized biotech companies. By re-engineering every aspect of biotech’s traditional operating and investment model from the ground-up, RS systematically mitigates the biggest historical sources of risk and inefficiency and creates a new, significantly less risky way to invest in the discovery of valuable new medicines for patients.  To achieve this vision for “Biotech 2.0”, RS combines innovations across four complementary areas into a single scalable venture platform: 1) The RS Facets^TM data science platform optimizes opportunity selection; 2) Evidence-based investment strategies maximize risk-adjusted expected value creation; 3) An efficient new company architecture and decentralized staffing model reduces costs while enhancing scientific depth and breadth; and 4) multiple technology platforms maximize R&D advantages.  RS was founded by a multi-disciplinary team of drug discovery, data science, and private equity veterans who have built and led biotech companies worth billions and is backed by a luminary group of investors. www.related.vc