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Evotec SE (symbol: EVTCY) is a life science company based in Hamburg, Germany, with a unique business model focused on discovering and developing highly effective therapeutics. The company operates globally with over 5,000 employees and has strategic activities in neurology, oncology, metabolic, and infectious diseases. Evotec's multimodality platform combines innovative technologies, data, and science to create a world-leading co-owned pipeline for innovative therapeutics. The company collaborates with top pharmaceutical companies, biotech firms, academic institutions, and other healthcare stakeholders to deliver cutting-edge pharmaceutical products.
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Evotec SE (EVT) has received a US$ 2.5 million grant from the Bill & Melinda Gates Foundation for its teratogenicity platform and joins the foundation's Global Health Discovery Collaboratory. The grant provides GHDC members access to Evotec's high-throughput teratogenicity platform at no extra cost, enabling cost-effective de-risking of drug candidates early in the discovery process.
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Evotec SE (EVT) partners with Charité Universitätsmedizin Berlin to create a molecular patient database for ANCA-associated vasculitis, a group of rare autoimmune diseases. The partnership aims to improve disease understanding and treatment through the analysis of patient material using Evotec's PanOmics platform. Charité will collect biosamples, and Evotec will leverage its M.L.-powered platform to translate research into precision therapeutics.
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Evotec SE (EVT) announced that its license partner, Zhejiang Jingxin Pharmaceutical Co., Ltd, has received approval from the Chinese National Medical Products Administration for the novel insomnia treatment EVT201, also known as Dimdazenil in China. This treatment is a partial positive allosteric modulator of the GABAA receptor with high affinity and moderate efficacy. Evotec will receive double-digit royalties of net sales as well as milestones based on commercial success and further sub-licensing.
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Evotec SE (EVT) Presents Precision Medicine Capabilities at Capital Markets Day, Highlighting PanOmics, iPSC, and A.I./M.L. Platforms. The company confirms Action Plan 2025 goals and updates progress, showcasing investments of ~€450m into PanOmics and iPSCs, resulting in cumulated revenues of >€1bn and creating a milestone pool of >€15bn. The event emphasizes the introduction of a differentiated offering to shape untapped markets, fostering double-digit growth, and discusses the next big developments in the co-owned pipeline with insights to novel first-in-class targets.
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Evotec SE (Frankfurt Stock Exchange: EVT, NASDAQ:EVO) announced 14% revenue growth to € 580.1 m in the first nine months of 2023, driven by strong demand and pipeline progress. Despite a cyber-incident costing € 43.9 m, adjusted Group EBITDA increased by 13% to € 50.2 m. The company also reported multiple new drug discovery agreements, co-owned pipeline progress, and a corporate update on its environmental initiatives. The business outlook for full-year 2023 and mid-term goals for 2025 were confirmed, with a focus on revenue growth and emission reduction targets.
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Evotec SE and Dewpoint Therapeutics have announced a strategic R&D collaboration to advance Dewpoint's oncology pipeline programs using Evotec's data-driven platform. The partnership aims to de-risk and accelerate pre-clinical development candidates to first-in-human clinical studies. Evotec will facilitate the rapid development of Dewpoint's assets using its INDiGO platform. The agreement includes a risk-sharing arrangement and milestone and royalty payments based on program success.
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Evotec SE announces new partnership with Lightstone Ventures, ClavystBio, Leaps by Bayer, Polaris Partners, and the Polaris Innovation Fund to advance drug discovery and create new therapeutics companies in Singapore.
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Evotec partners with LabCentral, BioLabs, and MBC BioLabs to provide access to its R&D platform for biotech startups.
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Evotec and Novo Nordisk announce LAB eN², a translational drug discovery accelerator focused on cardiometabolic diseases. Four academic institutions, including Harvard University and Mass General Brigham, have already signed on to participate. LAB eN² aims to accelerate the translation of academic ideas into therapeutic product candidates. It will provide funding, scientific expertise, and technology to advance concepts through pre-clinical proof of concept. Successful candidates may be selected for further investment and development by Novo Nordisk. The prevalence of cardiometabolic diseases is increasing, creating a significant need for new therapeutics.
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Evotec SE announces financial results for H1 2023, with group revenues increasing by 14% to €383.8m. Adjusted Group EBITDA totaled €26.1m. New alliances and collaborations reflect success of growth strategy. Business outlook for FY 2023 confirmed with revenues expected to be in a range of €750-790m and adjusted Group EBITDA guidance range between €60-80m. Cyber-incident in Q2 temporarily reduced revenue growth. Unpartnered research and development expenses expected to be in a range of €60-70m.
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FAQ
Where is Evotec SE based?
Evotec SE is based in Hamburg, Germany.
What is Evotec SE's business model?
Evotec SE focuses on discovering and developing highly effective therapeutics.
How many employees does Evotec SE have?
Evotec SE operates globally with over 5,000 employees.
What are Evotec SE's strategic activities?
Evotec SE has strategic activities in neurology, oncology, metabolic, and infectious diseases.
Who does Evotec SE collaborate with?
Evotec SE collaborates with top pharmaceutical companies, biotech firms, academic institutions, and other healthcare stakeholders.
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