Welcome to our dedicated page for Evogene news (Ticker: EVGN), a resource for investors and traders seeking the latest updates and insights on Evogene stock.
Evogene Ltd. (EVGN) is a computational biology and chemistry company that regularly publishes news about its AI‑driven platforms, collaborations and corporate developments. The EVGN news feed on Stock Titan aggregates company press releases and related coverage so readers can follow how Evogene applies big data and artificial intelligence to life‑science product discovery in pharmaceuticals and agriculture.
Recent announcements highlight Evogene’s focus on ChemPass AI, its generative AI tech‑engine for small‑molecule design and optimization. News items include the completion of a generative AI foundation model for small‑molecule design developed with Google Cloud, as well as updates on how ChemPass AI is being positioned as the core engine for the company’s pharma and agricultural activities.
Evogene’s news also covers scientific collaborations, such as agreements with Unravel Biosciences to design small‑molecule therapeutics for demyelinating diseases and with a Tel Aviv University research group to develop small molecules targeting metabolite self‑assembly in metabolic diseases. In agriculture, readers can find updates related to subsidiaries like Casterra Ag, including partnerships to advance mechanized castor farming for bio‑based industries.
In addition, the EVGN news stream features financial and corporate communications, including quarterly results, conference call schedules, investor conference presentations, restructuring steps and transactions such as the sale of most of Lavie Bio’s activity and the MicroBoost AI for Ag platform to ICL. Investors and observers can use this page to monitor how Evogene’s strategy, partnerships and technology platforms evolve over time.
Evogene (NASDAQ: EVGN) has completed the previously announced sale of its ag-biologicals subsidiary Lavie Bio to ICL Group (NYSE: ICL). The transaction includes the transfer of Lavie Bio's proprietary Biology Driven Design (BDD) technology platform, microbial bank, development pipeline, commercial products, and core personnel. Additionally, Evogene has divested its MicroBoost AI Tech-Engine for Agriculture to ICL.
The deal excludes Lavie Bio's existing strategic partnerships and commercial agreements, which will continue to generate potential future revenues for Lavie Bio's shareholders. This strategic move aligns with Evogene's goal to unlock subsidiary value while strengthening ICL's position in the global ag-biologicals market.
Evogene Ltd. (Nasdaq: EVGN, TASE: EVGN), a computational biology company focused on life-science product discovery and development, has announced it will release its Q1 2025 financial results on Wednesday, May 21, 2025. The company will host a conference call to discuss the results at 9:00 AM ET (4:00 PM Israel time) on the same day. Interested participants can register for the conference call through the company's provided link. The conference recording will be made available on Evogene's website in the following days.
Evogene (Nasdaq: EVGN) has announced a definitive agreement for ICL to acquire the majority of activities of its subsidiary, Lavie Bio , along with Evogene's MicroBoost AI for AG platform. The transaction is expected to close in Q2 2025.
The acquisition includes Lavie Bio's core team, BDD technology platform, microbial bank, data assets, development programs, and commercial products. Lavie Bio's existing partner agreements will remain with current shareholders. This deal follows ICL Planet's strategic investment and over two years of collaboration between ICL and Lavie Bio in developing bio-stimulant solutions for row crops.
Lavie Bio specializes in microbiome-based ag-biological products aimed at improving agricultural productivity and sustainability. The integration aims to accelerate the development of innovative agricultural solutions globally.
Evogene (NASDAQ: EVGN) reported its Q4 and full-year 2024 financial results, showing significant revenue growth to $8.5 million in 2024, up from $5.6 million in 2023. The increase was primarily driven by AgPlenus' Bayer collaboration and Casterra's seed sales.
The company reduced its net loss to $18.1 million in 2024 from $26.0 million in 2023, while R&D expenses decreased to $16.6 million from $20.8 million. Cash position stood at $15.3 million as of December 31, 2024, with reduced cash usage of $10.4 million in 2024.
Strategic highlights include:
- Implementation of a 30% headcount reduction plan
- Focus on ChemPass AI tech-engine for drug discovery
- Plans for subsidiary exit events
- Expansion of Casterra's castor seed business with significant delivery increases
Evogene (Nasdaq: EVGN) has announced the appointment of Nir Nimrodi as the new Chairperson of the Board, effective March 5, 2025. He succeeds Sarit Firon, who will continue serving as a board member. Nimrodi, who has been a board member since September 2022, brings over 20 years of international experience in life sciences, pharmaceutical, and biotechnology sectors.
The company's CEO, Ofer Haviv, will also join as a board member. Nimrodi has been involved with Evogene since 2020, initially as a special advisor before becoming a board member. The new chairman expressed commitment to unlocking shareholder value and leveraging the company's AI capabilities in drug discovery.
Evogene (Nasdaq: EVGN) (TASE: EVGN), a computational biology company focused on life-science product discovery and development, has announced it will release its fourth quarter 2024 financial results on Thursday, March 6, 2025.
The company will host a conference call to discuss the results at 9:00 AM Eastern Time (4:00 PM Israel time) on the same day. Interested parties can register for the Zoom conference call through the provided link. The conference recording will be made available on the company's website following the event.
AgPlenus, a subsidiary of Evogene (NASDAQ: EVGN), announced the discovery of a novel Mode of Action (MoA) against Zymoseptoria tritici, a fungal pathogen causing Septoria tritici blotch (STB) in wheat crops. The company has identified effective compounds through virtual screening and experimental testing.
The disease represents a significant market opportunity, with over 70% of wheat fungicides in Europe targeting Zymoseptoria tritici, worth more than 1.2 billion euros annually. Using their TargetSelector™ and PointHit™ tools, AgPlenus identified target proteins and inhibitory molecules, which showed promising results in laboratory and greenhouse trials.
The program is advancing to the next phase, utilizing the ActiveSearch™ tool to optimize the discovered molecules and explore potential collaborations for developing a novel fungicide.
Evogene (EVGN) reported Q3 2024 financial results with total revenues of $1.8M in Q3 2024, down from $3.8M in Q3 2023. However, nine-month revenues reached $6.9M, up from $5.1M in the same period of 2023. The company's operating loss for the first nine months was $17.6M, improved from $18.9M in 2023. Cash position stood at $20.0M as of September 30, 2024. The company completed a $5.5M fundraising in August 2024 and implemented cost-reduction measures, including a 16% headcount reduction. Projected cash usage for 2024 is expected to be $8-10M, down from $12.5M in 2023.