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Revenues decline in the quarter, up 8% YTD
November 8, 2012
By: Tim Wright
Editor-in-Chief, Contract Pharma
Evotec 3Q Revenues: €22.2 million (-16%) 3Q Earnings: €5.9 million (-30%) YTD Revenues: €64.2 million (+8%) YTD Earnings: €7.5 million (-18%) Comments: YTD growth was driven by an increase in revenues from the company’s drug discovery alliances, Andromeda/Teva, Boehringer Ingelheim (€2.5 million) and Novartis, and revenues from upfront payments from the CureBeta partnership with Janssen and contributions from acquisitions of Evotec Munich and Evotec San Francisco....
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