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Evotec

Global drug-discovery services via partnerships

Overview

Evotec provides research and development services for drug discovery and development through strategic partnerships with pharma, biotech, and academic groups. Its work relies on proprietary platforms such as iPSC-derived cellular models and machine learning to run experiments and analyze data from early discovery through clinical development, often using patient-derived materials to support precision medicine. Unlike many competitors, Evotec offers an integrated, end-to-end R&D platform within collaborations, combining data-driven biology with cell- and gene-therapy capabilities rather than selling standalone tools. Its goal is to bring new and better medicines to patients faster and at lower cost by making the drug development process more efficient through partnerships.

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About Evotec

Simplify's Rating
Why Evotec is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsAI & Machine LearningBiotechnologyHealthcare

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Hamburg, Germany

Founded

1993

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Simplify's take

What believers are saying

  • Q3 2026 adjusted EBITDA loss narrowed to €1.6 million from €15 million.
  • Nine-month discovery and preclinical development revenue rose 24% in 2026.
  • Vertex manufacturing and new Plectonic and Odyssey partnerships expand 2027 revenue visibility.

What critics are saying

  • Evotec cut 2026 revenue guidance to €570 million–€610 million after milestone delays.
  • Project Horizon will eliminate 800 jobs and close four sites through Q1 2027.
  • If partnership income keeps slipping, Evotec's asset-light turnaround loses financing and credibility.

What makes Evotec unique

  • Vertex chose Evotec's Redmond J.POD for commercial povetacicept manufacturing in September 2026.
  • Evotec pairs discovery services with proprietary iPSC, ML, and continuous biologics manufacturing platforms.
  • Just – Evotec Biologics keeps Redmond as its center of excellence after Toulouse divestiture.

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Funding

Total Funding

$1.4B

Above

Industry Average

Funded Over

15 Rounds

Post IPO Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Convertible Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • 401(k) Company Match
  • Flexible Work Hours
  • Remote Work Options
  • Paid Vacation
  • Paid Sick Leave
  • Paid Holidays
  • Unlimited Paid Time Off

Stock Price

Growth & Insights and Company News

6 month growth

0%

1 year growth

0%

2 year growth

0%
Yahoo Finance
Nov 5th, 2026
Evotec narrows Q3 EBITDA loss to $1.7M, reaffirms guidance and lands Vertex manufacturing deal

Evotec narrowed its adjusted EBITDA loss to €1.6 million in the third quarter of 2026, from €15 million a year earlier, and reaffirmed its full-year guidance. The German drug discovery company expects revenue and earnings toward the upper ends of their ranges. Group revenue rose to €164.9 million from €163.9 million. Revenue at its biologics unit, Just – Evotec Biologics, climbed 9.4% to €44.8 million, while drug discovery and development revenue fell 2.3% to €120.1 million. Vertex Pharmaceuticals chose Evotec's Redmond facility to manufacture povetacicept commercially. Evotec plans a third manufacturing train there in 2027. Nine-month revenue fell 13.1% to €465 million. Liquidity stood at €401 million at September 30.

Grafa
Nov 5th, 2026
Evotec narrows Q3 EBITDA loss to €1.6 million

Evotec narrows Q3 EBITDA loss to €1.6 million

PR Newswire
Nov 5th, 2026
Evotec Q3 revenue flat at $178.1M as Horizon savings run ahead; targets $1.1B by 2030

Evotec reported third-quarter 2026 revenue of €164.9 million, essentially flat on the prior year's €163.9 million. Adjusted group EBITDA improved to -€1.6 million from -€15.0 million, mainly on lower cost of revenue. Nine-month revenue fell 13.1% to €465.0 million, and adjusted EBITDA was -€44.3 million. Net sales in the discovery and preclinical development base business rose 24%. The Hamburg-based company reaffirmed its 2026 guidance of €570 million to €610 million in revenue. It targets around €1 billion in revenue by 2030, with an adjusted EBITDA margin of 20% by the end of 2028. Its Horizon transformation has delivered more than 20% of the targeted €75 million in annual savings. Vertex Pharmaceuticals also selected Evotec's biologics unit for commercial manufacturing of povetacicept.

pharmaphorum
Nov 2nd, 2026
Amgen inks $840m takeover of UK's Dark Blue Therapeutics

Amgen has added a new acute myeloid leukaemia drug with the takeover of Dark Blue Therapeutics and its first-in-class MLLT 1/3 degrader.

Nordic 9
Nov 2nd, 2026
Dark Blue Therapeutics raised seed capital - Nordic9.com

Dark Blue Therapeutics raised seed capital involving Dark Blue Therapeutics with investors including Oxford Science Enterprises, Evotec AG, Oxford Seed Fund. Nordic9.com tracks European startup funding, M&A and investor activity.

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