Skip to main content
Premium Trial:

Request an Annual Quote

Evotec Buys Cell-based Reagents Firm for up to $2.9M

NEW YORK (GenomeWeb News) – Evotec today announced it has acquired custom cell and cell-based reagents firm Cell Culture Service for up to €2.2 million ($2.9 million).

Evotec will pay €1.15 million in cash as part of the deal. CCS is also eligible for an earn-out payment of €1.05 million due one year after the acquisition and dependent on certain revenue targets being met.

CCS supplies custom cells and cell-based reagents for drug discovery, and its product line includes recombinant assay cell lines, assay-ready frozen instant cells, qualified membranes, and proteins for high-throughput screening. The firm's cell production, freezing, and storage operations, including its lineup of specialized cell culture scientists and technicians will be integrated into Evotec's Hamburg operations, Evotec said.

CCS was already based in Hamburg and has a subsidiary based in Monmouth Junction, NJ.

"Through the acquisition of CCS, Evotec strengthens its cell culture capabilities and gains access to a growing base of customers using cell-based assays in their drug discovery processes," Evotec COO Mario Polywka said in a statement. "CCS' experience and technologies for large-scale cell production are a perfect fit with Evotec's screening and in vitro pharmacology activities."

The Scan

Interfering With Invasive Mussels

The Chicago Tribune reports that researchers are studying whether RNA interference- or CRISPR-based approaches can combat invasive freshwater mussels.

Participation Analysis

A new study finds that women tend to participate less at scientific meetings but that some changes can lead to increased involvement, the Guardian reports.

Right Whales' Decline

A research study plans to use genetic analysis to gain insight into population decline among North American right whales, according to CBC.

Science Papers Tie Rare Mutations to Short Stature, Immunodeficiency; Present Single-Cell Transcriptomics Map

In Science this week: pair of mutations in one gene uncovered in brothers with short stature and immunodeficiency, and more.