Sandoz to Purchase Just-Evotec Biologics EU SAS in Strategic Move to Expand Biosimilars Portfolio
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2025
0mins
Source: NASDAQ.COM
Strategic Acquisition: Sandoz has signed a definitive agreement to acquire Just-Evotec Biologics EU SAS (JEB SAS) for approximately US$350 million, enhancing its capabilities in the biosimilar market.
Long-term Goals: The acquisition aligns with Sandoz's strategy to enter the projected US$300 billion biosimilar market and includes a technology license for continuous manufacturing, covering an unlimited number of molecules.
Financial Structure: The deal restructures the partnership model with incentives based on license fees and development milestones, potentially totaling around USD 300 million in the coming years.
Closing Conditions: The transaction is expected to close in 2025, pending regulatory approvals, and will result in JEB SAS employees joining Sandoz.
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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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