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Germany: Evotec completes Research Support stake purchase.


Byline: pinto pinto

Spotted horse, also called paint, piebald, skewbald, and other terms to describe variations in colour and markings. The American Indian ponies of the western U.S. were often pintos. Most pure-breed associations refuse to register horses with pinto colouring.
03

Germany-based biotechnology company Evotec AG said Monday that it finished its purchase of a majority stake in drug discovery and development company Research Support International Ltd.

Evotec, which develops treatments for Alzheimer's disease Alzheimer's disease (ăls`hī'mərz, ôls–), degenerative disease of nerve cells in the cerebral cortex that leads to atrophy of the brain and senile dementia. , pain and depression, said it now owns 70 percent of the company.

Evotec said it paid 2.8 million euros ($4 million) to DIL DIL - Dual In-Line Package  Ltd., India for the stake, before adjustments. A portion of the price includes a possible earn-out.

Evotec has a call option to buy the remaining 30 percent from DIL if there is a change of control.

Research Support is located in Thane thane  
n.
1.
a. A freeman granted land by the king in return for military service in Anglo-Saxon England.

b. A man ranking above an ordinary freeman and below a nobleman in Anglo-Saxon England.

2.
 near Mumbai, India. It was founded in 2004 and has 160 employees.

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 Real-Time Market Data by XigniteResearch Support will be integrated with Evotec's operations in Germany, the UK and Singapore. Evotec said that its management board members - Werner Lanthaler, Mario Polywka and Klaus Maleck - were named to Evotec India's board, along with two DIL representatives.

Copyright : Euclid Infotech Pvt. Ltd.

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Publication:TendersInfo
Date:Sep 1, 2009
Words:170
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