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EVOTEC is a German biotech company located in the city of Hamburg. Since 1993, EVOTEC has been working to test and develop treatments across a host of therapeutic areas, namely neurological conditions, metabolic diseases, cancers and infectious diseases.

As of October 2009, EVOTEC was formally entered into the TecDAX index, monitoring the performance of Germany’s top 30 corporations within its tech industry. As of November 2021, EVOTEC also formalised a secondary listing of its shares on the US-based US100 stock exchange.

As of 2021, EVOTEC posted annual revenues totalling €618m, with an employee base of more than 4,200. Since the turn of the millennium, EVOTEC has embarked on a series of high-profile acquisitions to bolster its in-house expertise. This includes buyouts of biotech brands such as Euprotec, Aptuit, Just Biologics and Rigenerand.

The EVOTEC share price has fluctuated significantly since its initial public offering (IPO). It reached an all-time-high value of €92.50 in March 2000, before plunging fast to just €5.50 in September 2001. The price of EVOTEC shares largely flatlined for the remainder of the decade and into the 2010s and the post-recessionary environment.

In fact, it wasn’t until early 2017 that the EVOTEC share price would begin to gain traction once again, rising to €21.13 in October of that year. This spike coincided with the company’s acquisition of drug development services provider Aptuit in a deal worth €256m.

As the Covid-19 pandemic struck, biotech stocks like EVOTEC enjoyed greater exposure, resulting in its share price peaking at €45.07 in early October 2021. It has since lost most of those gains and in 2022 the EVOTEC share price was down a touch over 61%.

There are multiple competitors in the biotech and drug development field for EVOTEC. BioNTech is arguably the biggest player in the biotech and drug development space, with a valuation of more than $37bn. BioNTech is also headquartered in Germany (Mainz).

Life sciences giant Eurofins is arguably the longest-standing firm in this field, established in 1987. This firm has locations spanning all four corners of the globe, with an employee base of almost 58,000 dwarfing that of EVOTEC.

Research-based biopharmaceutical company, AstraZeneca, is another major player in EVOTEC’s field. The Cambridge-headquartered company has played a key role in the development of medicines and treatments across a string of therapy areas, including respiratory diseases like Covid-19.