Report

Update: Gaining dominance

Evolva has strengthened its position as a leader in the field of biosynthetic production by acquiring Allylix in an all-share deal. It adds two marketed products to its portfolio and important IP, which will enable Evolva to lower production costs for stevia and other products. We expect Evolva to enter into a JV with Cargill for the commercialisation of stevia sweeteners in the coming months, which will confirm that this key programme is on track for launch in 2016. We have raised our valuation from CHF1.73/share to CHF1.82/share.
Underlying
Evolva Holding SA

Evolva Holding is an international biosynthetic group based in Switzerland. Co. is engaged in discovering and developing ingredients (and technologies for making ingredients) to other companies, in particular in the food and beverage, consumer health and pharmaceutical sectors. Co. maintains a proprietary fermentation-based platform that utilizes yeast. Co.'s internal focus is on high-value ingredients with relatively low production volume. Co.'s operations are organized in two segments: Products (Resveratrol, Vanilla, Stevia, Saffron , Pomecins and Agarwood ) and Legacy Products (EV-077 for diabetic complications and EV-035 for bacterial infections).

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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