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Evotec SE American Depositary Shares - EVO STOCK NEWS

Welcome to our dedicated page for Evotec SE American Depositary Shares news (Ticker: EVO), a resource for investors and traders seeking the latest updates and insights on Evotec SE American Depositary Shares stock.

Evotec SE, headquartered in Hamburg, Germany, is a leading global drug discovery and development company. Specializing in providing comprehensive solutions to pharmaceutical and biotechnology companies, academic institutions, and nonprofit organizations, Evotec is renowned for its extensive capabilities in therapeutic areas such as central nervous system disorders, diabetes, inflammation, oncology, infectious diseases, and women's health.

Evotec’s core business is divided into two main segments: Shared R&D and Just-Evotec Biologics. The Shared R&D segment, making up approximately 80% of the company's sales, offers drug discovery and manufacturing services on a fee-for-service basis. It also engages in integrated drug discovery collaborations leveraging proprietary, internally-developed assets. Just-Evotec Biologics, accounting for about 20% of sales, provides contract development and manufacturing (CDMO) services for biologics.

With a workforce of over 5,000 employees, Evotec operates 18 production sites mainly across Europe and the United States. In recent years, the company has made significant strides in forming strategic alliances and collaborations, such as the recent partnership with Claris Ventures and Variant Bio, aimed at accelerating the development of innovative therapeutics.

Evotec’s multimodal platform combines cutting-edge technologies, data, and scientific expertise to drive the discovery, development, and production of first-in-class and best-in-class pharmaceutical products. The company’s integrated R&D network includes partnerships with all Top 20 Pharma companies and over 800 biotech companies, academic institutions, and other healthcare stakeholders. This robust network facilitates the co-creation of a world-leading pipeline of over 200 proprietary and co-owned R&D projects, ranging from early discovery to clinical development.

Recent achievements by Evotec include the successful Clinical Trial Application (CTA) for IAMA Therapeutics’ lead program IAMA-6 and the strategic collaboration with Janssen for immune-based therapies. Additionally, Evotec has expanded its relationship with Bristol Myers Squibb in neurodegeneration and targeted protein degradation.

Financially, Evotec has demonstrated resilience despite macroeconomic challenges and a substantial cyber-attack in 2023. The company reported a 4% increase in revenues, reaching €781.4 million in 2023, driven by new collaborations and the strong performance of Just-Evotec Biologics.

As of 2024, Evotec continues to focus on sustainable and profitable growth, optimizing its operations to meet evolving market demands. The company is committed to advancing its mission of discovering and developing effective therapeutics that address unmet medical needs globally.

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Evotec Biologics and Sandoz partner to develop and manufacture biosimilar molecules. Evotec to receive upfront payment and future payments dependent on successful development progress. The partnership aims to disrupt the biosimilars market and provide affordable and accessible medicines for patients globally.
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RenovoRx, a biopharmaceutical firm focused on localized cancer treatment, has appointed Leesa Gentry as the new Senior Vice President of Clinical Operations. Gentry, an expert with 29 years of experience in clinical trials management, is the fourth executive added to the management team recently. Her past roles include Senior Vice President at Evotec and significant contributions at PPD and Otsuka. The company is buoyed by positive interim data from its Phase III clinical trial on pancreatic cancer treatment, RenovoGemTM. CEO Shaun Bagai expressed confidence in Gentry's ability to advance the company's clinical trials, enhancing its mission to improve patient outcomes in oncology.

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Evotec SE has confirmed the integrity of its operations following a cyber attack detected on April 6, 2023. Immediate actions were taken to secure all IT systems, which were temporarily taken offline to prevent data breaches. A forensic examination is currently being conducted by external experts to assess the situation. Despite the incident, business continuity has been maintained across all global sites, ensuring that services remain available to partners, albeit with potential delays in communication. Evotec has informed relevant authorities and will continue to update stakeholders through its website. The company remains committed to protecting data integrity and is implementing solutions to improve communication efficiency.

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Evotec SE experienced a cyber attack on its IT systems on April 6, 2023. In response, the company proactively shut down and disconnected its systems from the Internet to prevent potential data breaches and corruption. Currently, the systems are under examination, and the company is assessing the impact of the attack while ensuring the highest standards of data integrity are maintained. Evotec has not reported any confirmed data loss or breaches at this time.

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Evotec SE has extended and expanded its strategic partnership with Bristol Myers Squibb (BMY) for an additional 8 years, aimed at developing therapies for neurodegenerative diseases. This collaboration builds on their productive history since 2016, addressing significant unmet medical needs. The deal includes a $50 million upfront payment, milestone payments, and tiered royalties on product sales, with a deal potential of $4 billion. This partnership aims to leverage Evotec's precision medicine platforms to enhance drug discovery and development for debilitating neurological conditions.

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FAQ

What is the current stock price of Evotec SE American Depositary Shares (EVO)?

The current stock price of Evotec SE American Depositary Shares (EVO) is $4.395 as of November 4, 2024.

What is the market cap of Evotec SE American Depositary Shares (EVO)?

The market cap of Evotec SE American Depositary Shares (EVO) is approximately 1.6B.

What is Evotec SE?

Evotec SE is a global drug discovery and development company headquartered in Hamburg, Germany. It provides comprehensive solutions in drug discovery and manufacturing to pharmaceutical and biotechnology companies, academic institutions, and nonprofit organizations.

What are Evotec's main business segments?

Evotec's business is divided into Shared R&D, which offers drug discovery and manufacturing services, and Just-Evotec Biologics, which provides CDMO services for biologics.

Who are Evotec's partners?

Evotec collaborates with all Top 20 Pharma companies, over 800 biotech companies, academic institutions, and other healthcare stakeholders.

What recent collaborations has Evotec entered into?

Recent collaborations include partnerships with Claris Ventures to accelerate programs into the clinic and with Variant Bio to develop treatments for fibrotic diseases.

How many employees does Evotec have?

Evotec employs over 5,000 people across 18 production sites in Europe and the United States.

What are Evotec's key therapeutic areas?

Evotec focuses on central nervous system disorders, diabetes, inflammation, oncology, infectious diseases, and women's health.

What financial performance did Evotec report in 2023?

Evotec reported a 4% increase in revenues, reaching €781.4 million in 2023, despite challenging economic conditions and a cyber-attack.

What are the future goals of Evotec?

Evotec aims to focus on sustainable and profitable growth, optimizing its operations and continuing to advance its mission of developing effective therapeutics.

What is Just-Evotec Biologics?

Just-Evotec Biologics is a segment of Evotec that offers contract development and manufacturing services for biologics.

What makes Evotec's platform unique?

Evotec’s multimodal platform combines innovative technologies, data, and scientific expertise to drive the discovery, development, and production of first-in-class and best-in-class pharmaceutical products.

Evotec SE American Depositary Shares

OTC:EVO

EVO Rankings

EVO Stock Data

1.56B
177.55M
2.18%
0.07%
Drug Manufacturers - Specialty & Generic
Healthcare
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United States of America
Hamburg