Strong Performance in Just - Evotec Biologics
The segment reported €59.4 million in revenue, exceeding expectations and showing strong growth compared to Q1 2024.
Progress in Strategic Collaborations with BMS
Significant advancements in collaborations, including a US$20 million payment for progress in neurology and €75 million for achievements in oncology.
Cost Reduction Initiatives on Track
Achieved more than 50% of planned savings through site closures, headcount reduction, and discretionary spend control by the end of Q1 2025.
Grant from Korean Government
Received a grant to develop novel antibody treatments for lung fibrosis, enhancing capabilities in drug discovery and future revenue streams.