EEvotec 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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Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Hamburg, Germany
Founded
1993
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Total Funding
$1.4B
Above
Industry Average
Funded Over
15 Rounds
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.
Evotec narrows Q3 EBITDA loss to €1.6 million
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.
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.
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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Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Hamburg, Germany
Founded
1993
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs