Evotec to divest Just - Evotec Biologics EU and license its technology to Sandoz
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 04 2025
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Transaction Overview: Evotec has signed a deal to sell its Just - Evotec Biologics Toulouse site to Sandoz for approximately $350M in cash, which includes an indefinite technology license for Evotec's continuous manufacturing platform.
Future Financial Expectations: The agreement is expected to generate over $300M in additional license fees and development revenues, along with potential royalties from a portfolio of up to ten biosimilars targeting a market exceeding $90B.
Impact on Evotec: The transaction is anticipated to positively influence Evotec's revenue mix, profit margins, and capital efficiency immediately after closing.
Closing Conditions: The deal is set to close in Q4, pending necessary approvals, including foreign direct investment clearance from French authorities.
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Analyst Views on EVO
Wall Street analysts forecast EVO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EVO is 6.00 USD with a low forecast of 5.00 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
0 Hold
1 Sell
Moderate Buy
Current: 3.790
Low
5.00
Averages
6.00
High
7.00
Current: 3.790
Low
5.00
Averages
6.00
High
7.00
About EVO
Evotec SE is a Germany-based drug discovery and development company. The company is engaged in development of new pharmaceutical products through research alliances and development partnerships with pharmaceutical and biotechnology companies, academic institutions, patient organizations and venture capital companies. The drug discovery solutions are provided in the form of fee-for-service work, integrated drug discovery alliances, development partnerships, licensing of drug candidates and consulting arrangements. Evotec SE operates in a number of areas, including neuroscience, diabetes and complications of diabetes, pain and inflammation, oncology, infectious diseases, respiratory diseases and fibrosis. Its pipeline covers a range of therapeutic areas, such as CNS Insomnia, Chronic cough, immunology & inflammation, women’s health endometriosis, nephrology, dermatological diseases, fibrotic disease and antiviral, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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