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NEW YORK – Evotec said today that it has acquired certain assets from Ncardia related to the use of induced pluripotent stem cells for drug discovery.

The assets include intellectual property relevant to iPSC-based phenotypic drug discovery and an existing undisclosed product business around iPSC-derived cells. Evotec said it is also taking on 17 stem cell biology experts operating out of laboratories at the BioCampus Cologne in Germany.

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