Evotec

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Evotec AG
Type Aktiengesellschaft
Traded as FWBEVT
Industry Biotechnology, contract research organization
Founded 1993
Headquarters Hamburg, Germany
Key people Werner Lanthaler (CEO)
Products Pharmaceuticals research and development
Revenue €87,3 million (12/2012)
Total assets €225,4 million (12/2012)
Employees 670 (09/2013)
Website www.evotec.com

Evotec AG is a drug discovery alliance and development partnership company focused on progressing product approaches with pharmaceutical and biotechnology companies.

The company's headquarters are located in Hamburg, Germany. It operates worldwide providing integrated drug discovery solutions, covering all activities from target-to-clinic.

Evotec works in key therapeutic areas including neuroscience, pain, and metabolic diseases, as well as oncology and inflammation. The company has long-term discovery alliances with partners including Bayer, Boehringer Ingelheim, the CHDI Foundation, Genentech, Janssen Pharmaceuticals, MedImmune/AstraZeneca and Ono Pharmaceuticals. In addition, the company has existing development partnerships and product candidates both in clinical and pre-clinical development. These include partnerships with Boehringer Ingelheim, MedImmune and Andromeda[disambiguation needed] (Teva) in the field of diabetes, with Janssen Pharmaceuticals in the field of depression and with Roche[disambiguation needed] in the field of Alzheimer disease.

In the fiscal year 2012, Evotec generated revenues of € 87,265 m and has 670 employees at the end of September 2013.

Since 28 October 2009 the company is listed in the TecDAX index.

History[edit]

Evotec BioSystems GmbH was founded in Hamburg, Germany in 1993. Among the founders were Nobel Laureate Manfred Eigen, Karsten Henco, Ulrich Aldag, Freimut Leidenberger, Heinrich Schulte, Rudolf Rigler and Charles Weissmann.

In the first years the company established collaborations with international pharma companies like Novartis and SmithKlineBeecham to develop a high-throughput screening system (EVOscreen®). In 1999 Evotec Biosystems went public (Frankfurt Stock Exchange: EVT) and merged one year later with the British company Oxford Asymmetry International plc, which offered chemical services for biotech and pharma companies and formed Evotec OAI (in 2005 the name changed to Evotec AG[1]).

In 2002 the company was divided into two business parts, namely “Discovery and Development Services“ and “Tools and Technologies“.[2] In this year Evotec Technologies GmbH was founded.

In 2006 Evotec Technologies was sold to Perkin Elmer, to focus on its core business, the discovery and development of new pharmaceutical drugs. In 2008 Evotec acquired Renovis, an US biotech company and was listed on Nasdaq. One year later Evotec voluntarily delisted its American Depository Shares from the NASDAQ stock market to concentrate its share trading on the re-entered TecDAX platform and reduce associated costs.[3] Additionally Evotec took over 70% of Indian Research Support International Limited (RSIPL), a company providing organic synthesis and a zebrafish screening-platform from Summit Corporation.

In 2010 the company acquired DeveloGen AG, a company focused on novel therapies for metabolic disorders, e.g. diabetes. In 2011 Evotec acquired two companies; Kinaxo Biotechnologies GmbH, a Munich based, privately owned biotech company. Kinaxo's capabilities comprise a combination of technologies improving drug development across the entire pharma value chain. Furthermore, Evotec took over the compound management business from Biofocus, a subsidiary of the Galapagos group. In January 2013, Evotec acquired CCS Cell Culture Service GmbH, a Hamburg-based company which supported the cell culture needs of biotech and pharmaceutical companies. In summer 2013, Evotec announced the closure of its Indian operations.

In May 2014 Evotec acquired Euprotec for $3.15 million [4]

Alliances & projects[edit]

Drug discovery alliances

  • Boehringer Ingelheim (oncology, pain, inflammation, insulin resistance)
  • CHDI (CNS, Huntington disease)
  • Genentech]
  • MedImmune/Astra Zenenca (diabetes; biologicals)
  • Novartis (CNS, pain)
  • Ono
  • Roche (neurology)
  • UCB (CNS, immunology)
  • Janssen (diabetes, neurology)
  • Bayer (endometriosis)

Development partnerships

  • Teva/Andromeda
  • Roche
  • JingXin
  • Janssen
  • Aspireo
  • CONBA

Technology Partners

  • Chem Bridge Corporation
  • Diamond Light Source
  • Hypha Discovery
  • PsychoGenics Inc.
  • IR Pharma

Locations[edit]

Germany, Hamburg (Headquarters), Munich & Goettingen
  • Screening
  • HTS (High-Throuput-Screening)
  • NMR (nuclear magnetic resonance)
  • in vitro & in vivo biology
  • Phosphoproteomics
  • Chemical proteomics
  • Metabolic diseases
  • Regenerative medicine
USA, San Francisco & Branford[disambiguation needed]
  • Compound management
  • Compound QC and storage
UK, Abingdon
  • Medicinal chemistry
  • ADMET
  • Structural biology

Management and supervisory board[edit]

Management

  • Werner Lanthaler (Chief Executive Officer)
  • Colin Bond (Chief Financial Officer)
  • Cord Dohrmann (Chief Scientific Officer)
  • Mario Polywka (Chief Operating Officer)

Supervisory Board

  • Walter Wenninger (Chairman)
  • Roland Oetker
  • Hubert Birner
  • Claus Braestrup
  • Andreas Pinkwart
  • Mary C. Tanner

References[edit]

  1. ^ Evotec AG: Press Release: Evotec OAI Announces AGM Approval of Capital Increase and New Supervisory Board Structure, 7 June 2005, Retrieved 21 September 2011
  2. ^ Evotec OAI: Annual Report 2002
  3. ^ Evotec AG: Annual Report 2009
  4. ^ http://www.genengnews.com/gen-news-highlights/evotec-buys-euprotec-for-up-to-3-15m/81249917/

External links[edit]