Evotec to receive $100 mln as Gilead acquires Tubulis

Gilead Sciences, Inc.

Gilead Sciences, Inc.

GILD

0.00

April 7 (Reuters) - German biotech company Evotec EVTG.DE is to receive around $100 million upfront following the closing of the sale of private Germany-based Tubulis to Gilead, the company said on Tuesday.

Gilead GILD.O said it would acquire Tubulis for up to $5 billion, as the U.S. drugmaker looks to boost its pipeline with a lucrative class of experimental cancer drugs.


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