Evotec publishes company presentation outlining drug discovery strategy and outlook

• Evotec outlined a strategy built on faster-than-market growth, a shift toward higher-value segments, and tighter operational execution.
• Cost-out plan targets more than EUR 60 million impact in FY 2025, including about 600 D&PD FTE reductions; additional measures lifted to EUR 30 million.
• Asset-lighter pivot highlighted by an agreed sale of the Toulouse Just Evotec Biologics site to Sandoz, paired with a technology license.
• Deal terms include about USD 350 million upfront in 2025, more than USD 300 million in transition-period license, milestone and development revenue in 2026-2028.
• Royalty stream tied to 10 biosimilars from first commercial sales beyond 2028; milestone and royalty potential flagged at more than EUR 500 million to 2028.

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