Evogene Achieves Key Milestone in Collaboration with Google Cloud
Evogene (EVGN) announced the successful completion of a significant milestone in its second collaboration with Google (GOOG) Cloud. This milestone marks the integration of agentic computational systems within Evogene's ChemPass AI platform, designed to rapidly and efficiently identify key success requirements at the earliest stages of small-molecule development. These new capabilities are expected to enable the selection of molecules that meet product definition requirements at the early stages of the discovery phase, with the goal of accelerating discovery timelines, improving scalability and most importantly, significantly enhancing the overall probability of success. Successful small-molecule development requires identifying candidates that satisfy a broad and complex set of biological, chemical, clinical and commercial requirements. To address these challenges, the enhanced ChemPass AI engine, enabled by Google's Gemini models and Gemini Enterprise Agent Platform, is designed to enable earlier and deeper biological TPP profiling, with the goal of identifying the critical criteria a molecule must satisfy to progress successfully. This capability is driven by a workflow of autonomous AI agents that integrate structural, biological, chemical and clinical data to independently profile these targets.
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- Strategic Collaboration Initiated: Evogene and the Blavatnik Center for Drug Discovery (BCDD) at Tel Aviv University have entered into a strategic collaboration agreement aimed at accelerating innovation and development in small-molecule drug discovery within Israel's academic research ecosystem, enhancing global competitiveness.
- Tech Transfer Support: This partnership, facilitated by Ramot, Tel Aviv University's tech transfer company, exemplifies the close integration of academia and industry, promoting the commercialization of research outcomes and enhancing Israel's innovative capacity in the biopharmaceutical sector.
- Computational Chemistry and AI Application: Evogene will leverage its advanced capabilities in computational chemistry and artificial intelligence to optimize the design process of small molecules, thereby improving R&D efficiency and reducing time-to-market, which enhances market responsiveness.
- Economic Growth Promotion: By supporting academic innovation and technology transfer, this collaboration is expected to create new growth opportunities for Israel's biotechnology industry, further solidifying the country's position in the global pharmaceutical market.
- Strategic Collaboration Launched: Evogene and the Blavatnik Center for Drug Discovery at Tel Aviv University have announced a strategic partnership aimed at accelerating small-molecule drug discovery within Israel's academic research ecosystem, combining advanced AI-driven computational chemistry with experimental validation capabilities to enhance drug development success rates.
- Integrated Technology Advantage: By integrating Evogene's ChemPass AI™ generative engine with BCDD's experimental infrastructure, the collaboration will develop a Design-Make-Test-Analyze (DMTA) workflow that significantly improves early-stage drug development efficiency and reduces associated risks.
- Resource Sharing Mechanism: This partnership will provide scientific entrepreneurs and research teams with comprehensive access to both computational and experimental resources, helping them overcome challenges in translating scientific discoveries into viable drug development projects, thereby enhancing Israel's competitiveness in the global drug development arena.
- Driving Innovation Translation: Evogene's CEO Ofer Haviv emphasized that this collaboration will effectively broaden the pipeline of drug candidates, facilitating the translation of breakthrough discoveries from Israel's academic institutions into successful therapeutic solutions, ultimately improving patient treatment outcomes.
- Conference Highlights: Evogene Ltd. will showcase its latest achievements in the pharmaceutical sector at the BIO International Convention scheduled for June 22-25, 2026, in San Diego, USA, which is expected to attract significant industry attention.
- Leadership Attendance: The company will be represented by CEO Ofer Haviv, Chief Development Officer Dr. Gabi Tarcic, and VP of Business Development Dr. Olga Nissan, who will present technological breakthroughs in AI-driven small molecule discovery and optimization.
- Technical Presentation: Dr. Tarcic will deliver an oral presentation focusing on how ChemPass AI™ is enabling new collaborative drug discovery opportunities with pharmaceutical and biotech partners, further solidifying Evogene's leadership position in the industry.
- One-on-One Meetings: Evogene's management will be available for one-on-one meetings during the conference, encouraging interested parties to contact the company's investor or public relations team to explore potential collaboration opportunities.
- Significant Revenue Growth: EverGen Infrastructure reported a 38% year-over-year revenue increase to $2.6 million in Q1 2026, although it saw a decline compared to Q4 2025, indicating strong market performance.
- Debt Restructuring Impact: The company successfully restructured its debt, moving approximately $13 million from corporate to asset level, saving about $500,000 annually in debt service costs, thereby enhancing flexibility for future growth.
- Long-Term Contract Assurance: The 20-year offtake agreement with FortisBC provides a stable revenue base, ensuring long-term revenue certainty and delivering consistent returns for shareholders.
- Sustained Production Capacity: RNG production remained steady at 200,000 gigajoules in Q1 2026, demonstrating strong operational performance despite the lengthy permitting process for expansion projects, which positions the company competitively in the market.
- Successful Clinical Trial: Evogene has completed the first-in-human Phase 1 clinical trial of BMC128, enrolling 11 patients, with results indicating a favorable safety profile and high tolerability, as no dose-limiting toxicities were observed, marking a significant milestone for the product's potential in tumor immunotherapy.
- Preliminary Anti-Tumor Activity: Among the 11 patients, 5 achieved stable disease after 16 weeks of combination treatment, and 1 patient experienced a partial response, demonstrating early signs of anti-tumor activity for BMC128 when used alongside immune checkpoint inhibitors, potentially offering new hope for future treatments.
- Biomarker Analysis: Clinical observations aligned with translational analyses, showing increased microbiome diversity and significant evidence of immune activation in responding patients, supporting the proposed mechanism of action for BMC128 and laying a foundation for future clinical applications.
- Strategic Partnership Advancement: Evogene has entered into a licensing agreement with Lishan Biotech to further develop BMC128, reflecting the company's confidence in microbiome-based therapies for cancer treatment and indicating an acceleration in the planning for subsequent clinical development stages.
- Financial Overview: Evogene reported revenues of $334,000 for Q1 2026, a significant drop from $2.34 million in Q1 2025, indicating challenges in revenue growth that may impact investor confidence.
- R&D Collaboration Expansion: The company announced three new collaborations in the pharmaceutical sector, bringing the total to four, demonstrating Evogene's ongoing commitment to advancing small-molecule discovery and optimization despite its poor financial performance.
- Agricultural Project Progress: The AgPlenus subsidiary is advancing novel herbicide programs through collaboration with Corteva, while its internal fungicide program shows strong progress, highlighting the effective integration of AI-driven design with experimental validation, potentially providing a competitive edge in the market.
- Strategic Transformation and Outlook: Following the strategic transformation initiated in 2025, Evogene is now focused on execution, expecting to support long-term growth through enhanced technological collaborations and product pipeline expansion, despite currently facing financial losses.










