Welcome to our dedicated page for Evotec news (Ticker: EVO), a resource for investors and traders seeking the latest updates and insights on Evotec stock.
Evotec SE (NASDAQ: EVO; Frankfurt: EVT) is a life science company focused on drug discovery and development, and its news flow reflects ongoing activity across partnerships, platforms and biologics. Company updates frequently highlight progress in strategic collaborations, such as multi-target kidney disease programs with Bayer, protein degradation and neuroscience alliances with Bristol Myers Squibb, and technology-focused agreements with Sandoz.
Investors following EVO news can expect announcements on clinical and preclinical milestones, including the advancement of monoclonal antibody programs into Phase 2 trials and Investigational New Drug acceptances for molecular glue degraders. Evotec also reports on grants and global health initiatives, for example Gates Foundation support for Just - Evotec Biologics’ J.MD™ molecular design service to improve the developability and affordability of monoclonal antibodies for infectious diseases.
News from Just - Evotec Biologics often centers on biologics development, continuous manufacturing technologies and the evolution of its asset-lighter model. This includes transactions such as the sale of the Toulouse site to Sandoz combined with an indefinite license to Evotec’s continuous manufacturing platform, as well as updates on revenue growth with a broadened customer base.
Regular corporate communications also cover financial results, guidance updates, cost reduction initiatives and organizational changes, such as segment renaming to Discovery & Preclinical Development and senior leadership appointments in communications and investor relations. For readers tracking EVO stock, this news page provides a consolidated view of how Evotec’s partnerships, platforms and strategic transactions are progressing over time.
EQRx has partnered with Evotec to leverage its data-driven drug discovery platform to enhance EQRx's pipeline focused on oncology and immunology. This collaboration aims to accelerate the development of innovative, affordable medicines. EQRx will focus on clinical development while Evotec will lead drug discovery and pre-clinical development. Additionally, Evotec will gain from potential profits through a profit-sharing mechanism. This partnership aligns with EQRx's mission to provide cost-effective therapies and follows its proposed merger with CM Life Sciences III, expected to complete in Q4 2021.
Evotec and EQRx announced a strategic partnership to utilize Evotec's data-driven drug discovery platform aimed at developing affordable medicines. This collaboration will expedite EQRx's pipeline in oncology and immunology, with Evotec leading the drug discovery and pre-clinical efforts, while EQRx handles clinical development and commercialization. The partnership also includes a variable profit share for Evotec from successful asset development. This alliance aligns with EQRx's commitment to provide innovative therapies at lower costs.
Evotec announced a milestone in its neuroscience collaboration with Bristol Myers Squibb, triggering total payments of US$ 40 million due to additional program designations. This achievement reinforces Evotec's pipeline following the licensing of EVT8683. The collaboration, initiated in December 2016, aims to develop disease-modifying treatments for neurodegenerative diseases, addressing significant unmet medical needs. Evotec's advanced iPSC platform supports these initiatives, further establishing its leadership in the field.
Evotec SE has successfully closed a public offering of 20,000,000 American Depositary Shares (ADSs) on November 8, 2021, priced at $21.75 each, generating approximately $435 million in gross proceeds. An additional 3,000,000 ADSs may be purchased under an option, totaling expected proceeds of $500 million. The offering was managed by BofA Securities and Morgan Stanley, among others. Funds raised will support Evotec's innovative therapeutic projects across various therapeutic areas, enhancing its robust R&D pipeline.