8/13/2025, 11:32:08 AM | www.tipranks.com | news
Evotec AG Reports H1 2025 Results
Evotec AG announced that its first‑half 2025 revenues fell 5% to €371.2 million, driven mainly by softer demand in its Discovery & Preclinical Development segment. The company’s Just – Evotec Biologics division, however, posted a 16% revenue increase. Significant progress was made in collaborations with Bristol Myers Squibb, and a grant was awarded by the Gates Foundation for tuberculosis treatment research. Evotec also disclosed a potential sale of its Just – Evotec Biologics EU segment to Sandoz AG, expected to close in Q4, and noted a current market cap of $1.36 billion with a strong sell technical sentiment.