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news.Evotec has signed a multi-year lease on a facility located in Branford Connecticut to expand its compound management capability to East Coast of the US.
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The facility will be completely operational by the third quarter of 2013.
The company’s South San Francisco facility will continue to carry out its operations to serve existing clients.
Evotec compound management executive vice president Scott Snyder said the lease agreement is vital strategic expansion of EVT Execute compound management offering.
"The significant investment will enable Evotec to better compete for East Coast compound management opportunities and continue to provide the very best services and solutions to our partners," Snyder added.
By investing into technologies particularly focused on library management and the access to incremental space, the company expects to support the East Coast pharmaceutical and biopharmaceutical industry in future.