Outlook: A deal to dream for and key data due soon
The exceptional deal with Sanofi for its Toulouse facility at no cost provides Evotec with a platform to accelerate its growth. Evotec gains much-needed capacity, as well as expertise and other capabilities. The company has already seen an improvement in revenue growth over the last two quarters, and the Sanofi deal should enable it to maintain double-digit growth in the coming years. Evotec is also approaching an important data readout from the Alzheimer’s disease (AD) Phase IIb trial with EVT302, which could lead to partner Roche initiating Phase III studies.Evotec is a holding company engaged as a drug discovery solutions company providing drug discovery capabilities to pharmaceutical and biotechnology companies as well as to academic institutions. These drug discovery solutions are provided in form of fee-for service work, integrated drug discovery alliances, development partnerships, licensing of drug candidates and consulting arrangements. Co. is primarily involved in the areas of neuroscience, pain, metabolic diseases, oncology and inflammation. Co. provides its drug discovery activities under the banners of EVT Execute, EVT Integrate and EVT Innovate. Co.'s operations are divided into two segments: EVT Execute and EVT Innovate.
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