Just-Evotec Biologics Growth
The Just-Evotec Biologics segment showed a strong performance with revenues reaching EUR 143.2 million, up 11% compared to the previous year. Additionally, non-Sandoz and non-DoD customers grew by 105% in the first 9 months of the year.
Transformational Deal with Sandoz
Evotec signed a transformational deal with Sandoz, which is expected to unlock payments of more than $650 million over the next years. This includes a $350 million upfront payment and potential mid-term revenues exceeding $300 million.
Asset Pipeline Progression
Evotec's asset pipeline is progressing well, with the expectation of up to 4 molecules from their partnered asset pipeline to enter Phase II clinical studies in 2026.
Cost Reduction Initiatives
Evotec is ahead of its cost reduction plan, with a commitment to EUR 60 million of cost out in 2025 and working on delivering an additional EUR 50 million in cost out and productivity measures.