Replies to post #69394 on Biotech Values

[drbio45]

EVTC went public in 2007 by consummating a reverse merger with Renovis (#msg-22980262).]

evotec was public on the frankfurt exchange. They listed on Nasdaq by merging with Renovis but they paid a premium to its cash. The reverse mergers usually discount the cash.

[genisi]

Evotec’s EVT 302, a monoamine oxidase inhibitor, failed in a phase II proof-of-concept study for smoking cessation:

http://finance.yahoo.com/news/Evotec-Reports-Results-of-pz-14922331.html