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Recovery Still Some Way Off For Evotec

 
• By Alexandra Shimmings

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.

Bump In The Road For Evotec • Source: Shutterstock

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.

“The market environment has given us no new signals of recovery to happen still within 2024 as we hoped for....

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