Evotec SE
EVT: XETR (DEU)
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Evotec: Management Streamlines Strategy to Refocus on Core Strengths Amid Biologics Momentum
Business Strategy and Outlook
Evotec is a drug discovery partnership firm that has a contract development and manufacturing organization, or CDMO, business, in addition to an innovative drug development program focused on collaboration with clients. The firm offers services across a variety of therapeutic areas and serves a diverse client base of large and midsize pharmaceutical and biotechnology companies. Following a recent period of investment that has weighed on returns, Evotec appears well positioned to mature and stabilize its business as its strategic growth initiatives materialize.
