2024 continues to be a tricky year for German biotech Evotec SE, as difficult market conditions hamper its turnaround endeavors. It now plans cut around 400 jobs, exit gene therapy and close its site in Orth, Austria, as it redoubles its reorganization efforts.
Recovery Still Some Way Off For Evotec
The German firm will have to wait until 2025 for a reversal in its fortunes as new CEO Christian Wojczewski accelerates its transformation program with the loss of 400 jobs.
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