Tip : Use comma (,) to separate multiple quotes. Learn more… Sat, Dec 17, 2016, 02:40 GMT – UK Markets closed Evotec and Celgene Enter into Drug Discovery Collaboration for Neurodegenerative Diseases Press Release : Evotec AG – Thu, Dec 15, 2016 21:51 GMT +0.293 HAMBURG, Germany–(BUSINESSWIRE)– Evotec AG (Frankfurt Stock Exchange, Prime Standard, ISIN: DE 000 566480 9, WKN 566480) announced today that Evotec and Celgene Corporation have entered into a strategic drug discovery and development collaboration to identify disease-modifying therapeutics for a broad range of neurodegenerative diseases. This exclusive broad R&D collaboration is based on Evotec’s unique induced pluripotent stem cell (“iPSC”) platform which enables systematic drug screening in patient-derived disease models. The initial term of the collaboration is five years. Under the terms of the agreement, Evotec will receive an upfront payment of $ 45 m. Celgene holds exclusive options to in-license worldwide rights to Evotec programmes developed from the company’s compound library. Evotec may be eligible to receive up to $ 250 m in milestones as well as up to low double-digit royalties on in-licensed programmes. As part of the collaboration, Celgene may also elect to screen compounds from its proprietary CELMoD(R) library using Evotec’s iPSC platform to evaluate activity in models of neurodegenerative diseases. Manfred Eigen Campus / Essener Bogen 7 22419 Hamburg Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart, Tradegate Exchange View source version on businesswire.com: http://www.businesswire.com/news/home/20161215006434/en/ Contact Dr Werner Lanthaler, +49.(0)40.560 81-242Chief Executive Officer Camelot fined £3m for £2.5m claim payout involving ‘deliberately damaged ticket’ PA Money News – 29 minutes ago National Lottery operator Camelot has been fined £3 million by the gambling watchdog after paying out a £2.5 million jackpot claim to someone with a “deliberately damaged ticket”. … More » Airport staff and British Airways crew announce Christmas strikes Sky News – 1 hour 39 minutes ago More than 1,500 staff at 18 airports, as well as British Airways cabin crew, are to strike over the Christmas break. 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