German Evotec to acquire US-headquartered Aptuit

Evotec AG and Aptuit have entered into a definitive agreement under which Evotec will acquire Aptuit for $300m. This transaction will strengthen Evotec’s position as the leading global player in the external innovation marketplace. As a partner research organisation for integrated outsourced drug discovery and development solutions, Aptuit offers highly synergistic scientific expertise across drug discovery, pre-clinical testing and both drug substance and drug product manufacturing to its Biopharma partners. The acquisition will add considerable business opportunities to further accelerate Evotec’s long-term strategy to be the industry partner of choice for external innovation.
Aptuit provides a complete set of integrated early discovery to mid-phase drug development services in the biotech and pharmaceutical industry with a proven track record over many years. As a partner, it is defined by its excellence in science, defined outcomes, highly efficient solutions and accelerated timeframes to progress drugs to clinical testing. Aptuit has approx. 750 employees, mainly scientists, working across three state-of-the-art discovery, development and manufacturing facilities in Europe (Verona, Italy; Basel, Switzerland; and Oxford, United Kingdom). Completing more than 1,000 projects in 2016 (for over 400 customers), Aptuit has a very strong network in small, medium and large Biopharma and a high level of repeat business.
Dr Werner Lanthaler, Chief Executive Officer of Evotec, said: “Bringing together two major players in the drug discovery industry is a big step forward for Evotec to expand our unique focus in external innovation for Pharma, biotech and foundations. We are very much looking forward to welcoming the employees of Aptuit within the Evotec Group after closing of the transaction.”
Dr Mario Polywka, Chief Operating Officer of Evotec, commented: “Our strategy is to continuously increase the value of the Company by expanding our leadership position in high-quality drug discovery and development solutions. The ability to provide a proven IND enabling platform and expertise will benefit our partners and customers in discovery as well as expedite progress of projects into Phase I and II. We look forward to welcoming our new colleagues to Evotec in what is an exciting time in the Company’s strategic growth.”
Jonathan Goldman, CEO of Aptuit, added: “I am delighted that Aptuit’s unique value proposition of world-class scientists have combined with the Evotec team to create a best-in-class company. The operational management team and I look forward to continuing to offer customers an expanded set of solutions in discovery as part of the Evotec family as well as providing an end-to-end solution in candidate to IND (INDiGO) and Phase I to commercial integrated CMC needs. Our customers and staff can be reassured by the continuity of leadership and commitment by Evotec to invest in planned growth.”
Henning Steinhagen, President of R & D at Aptuit, stated: “Today’s announcement reinforces the value that scientific excellence combined with operational efficiency can provide. Our team is very excited to offer an even broader range of end-to-end solutions of the highest quality as part of Evotec. We look forward to continued success of customer projects and execution of our growth plan.”
Brian Regan, General Partner at WCAS and Aptuit Board member, added: “WCAS is incredibly proud of its long partnership with Aptuit in building a preeminent service provider to leading Biopharma organisations. The company’s outstanding science and integrated approach to drug discovery and development have contributed to numerous medical advances, including life-saving pharmaceuticals used by patients globally. We are deeply indebted to Jonathan, the Aptuit leadership team and all the employees for their dedication and hard work building a truly unique Partner Research Organisation. We believe this transaction represents a great outcome for customers, employees and shareholders of both Aptuit and Evotec.”