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    EVT   DE0005664809

EVOTEC SE

(EVT)
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PRESS RELEASE: Evotec launches 'beLAB1407' to accelerate translational research from the UK's academic life science ecosystem in collaboration with Bristol Myers Squibb

05/06/2021 | 01:32am EDT
DGAP-News: Evotec SE / Key word(s): Miscellaneous 
Evotec launches 'beLAB1407' to accelerate translational research from the UK's academic life science ecosystem in 
collaboration with Bristol Myers Squibb 
2021-05-06 / 07:30 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
  . beLAB1407 TRANSLATES ACADEMIC INNOVATION FROM LEADING ACADEMIC INSTITUTIONS IN THE UK 
  . THE COLLABORATION LEVERAGES EVOTEC'S UNIQUE MULTIMODALITY PLATFORM TO VALIDATE FIRST-IN-CLASS THERAPEUTIC CONCEPTS 
    FROM THE UNIVERSITIES OF BIRMINGHAM, EDINBURGH, NOTTINGHAM, AND DUNDEE 
  . BRISTOL MYERS SQUIBB JOINS beLAB1407 AS A BIOPHARMA COLLABORATOR 
Hamburg, Germany, 06 May 2021: 
Evotec SE (Frankfurt Stock Exchange: EVT, MDAX/TecDAX, ISIN: DE0005664809) announced today that the Company, together 
with Bristol-Myers Squibb Company (NYSE: BMY), has launched beLAB1407, a new USD 20 m academic BRIDGE to identify and 
advance novel and breakthrough drug discovery opportunities across therapeutic areas from the UK's top-tier academic 
institutions. Through a unique combination of Evotec's drug discovery and development platforms and early-stage 
therapeutic concepts from the Universities of Birmingham, Edinburgh, Nottingham, and Dundee, beLAB1407 offers a unique 
route to the advancement of first-in-class therapeutics and the creation of spin-out companies. 
Evotec's BRIDGE (Biomedical Research, Innovation & Development Generation Efficiency) collaborations provide an 
integrated fund and award framework to validate exciting academic projects in collaborations with Pharma and biotech 
with the goal to form new companies. Since implementing the first academic BRIDGE 'LAB282' in Oxford in November 2016, 
Evotec has continued to evolve similar collaborations with a variety of academic, Pharma and venture capital partners 
across Europe and North America. 
With beLAB1407 representing the continued refinement of the approach, Evotec links one of Europe's foremost academic 
clusters of excellence in the life sciences with Bristol Myers Squibb as a major biopharmaceutical partner dedicated to 
advancing innovation in therapeutics from academia to patient benefit. The beLAB1407 collaboration builds on the 
longstanding and successful relationship between Evotec and Bristol Myers Squibb in drug discovery across several 
therapeutic areas. 
Dr Werner Lanthaler, Chief Executive Officer of Evotec, said: "We are thrilled to launch beLAB1407 together with our 
partners at Bristol Myers Squibb with whom we've worked on a variety of projects over a period of many years. beLAB1407 
provides researchers from the member institutions with a unique way to fast-track their projects, to validate them on 
our industrial-grade platform and have partnering options including company formations readily available to them." 
Dr Thomas Hanke, Head of Academic Partnerships at Evotec, added: "We are delighted to see the BRIDGE concept gaining 
further traction in the UK and we very much look forward to working closely with our academic partners in the Midlands 
and Scotland as well as our colleagues at BMS to identify and accelerate the next generation of first-in-class 
therapeutics across all modalities and therapeutic areas." 
Dr Rupert Vessey, Executive Vice President and President, Research and Early Development at Bristol Myers Squibb, 
commented: "This collaboration builds on our important connection to leading European universities. With beLAB1407, we 
are supporting U.K.-based universities that are exploring many interesting lines of scientific research and discovery. 
That research combined with Evotec's proprietary data platforms has the potential to identify new and novel therapies 
for areas of unmet medical need." 
The name beLAB1407 refers to the distance between Land's End in the far southwest of Great Britain to its 
north-easternmost point near the village of John o' Groats in Scotland, which - if travelled by bike - adds up to 1,407 
kilometres. To learn more about beLAB1407, please visit www.belab1407.org. 
About Evotec's BRIDGE model: Partnering to accelerate innovation 
Evotec has created a new paradigm to translate early-stage academic research to drug discovery and development called 
"BRIDGE" (Biomedical Research, Innovation & Development Generation Efficiency), an integrated fund and award framework 
to tap into academic science to accelerate the formation of spin-out companies and generate collaborations with Pharma 
and biotech. Through these efforts, Evotec has defined a new formula for fast-track early-stage drug discovery. Since 
the launch of the BRIDGE model in 2016, Evotec has formed and funded a number of different collaborations, e.g. LAB282, 
LAB150, LAB031, LAB10x, and Autobahn Labs. Please visit www.evotec.com/en/innovate/bridges to learn more about Evotec's 
BRIDGEs. 
Additional quotes: 
David Coleman, Director Enterprise & Innovation, University of Birmingham Enterprise, commented: "Over the last few 
years, the University of Birmingham has identified a significant pipeline of early stage life science discoveries. The 
support and investment provided by Evotec and Bristol Myers Squibb through beLAB1407 provides a great opportunity to 
validate and develop some of these into important therapies for the future, and we're very excited to be working with 
them." 
Dr George Baxter, Chief Executive of Edinburgh Innovations, said: "This innovative collaboration represents the best of 
academic and industry collaboration. We are delighted to be playing our part in such a high calibre project supporting 
early stage research become reality. The University of Edinburgh already has an impressive track record of drug 
discovery supported by our world class facilities. This innovative approach gives us even more opportunity to make our 
ideas work for a better world." 
Dr Andrew Naylor, CEO Nottingham Technology Ventures from the University of Nottingham, said: "beLAB1407 is an 
innovative model for funding early stage drug discovery projects. It encapsulates a collaboration across four leading 
UK Universities and two highly reputable commercial partners that will provide insight and skills as well as funding. 
This presents an opportunity for the university to accelerate its drug discovery research and fast track the process of 
the creation of spin out companies to commercialise the research to benefit society. The university already has a 
strong track record of developing successful spin-out companies with a portfolio of 25 companies and notable successful 
examples in Life Sciences include Scancell Plc, Oncimmune Plc, and Exonate Ltd. This collaboration with Evotec and 
Bristol Myers Squib will only strengthen that further." 
Dr David McBeth, Director of Research and Innovation Services at the the University of Dundee, said: "beLAB1407 is an 
initiative that will allow creative institutions like the University of Dundee to capitalise on the ground-breaking 
research that is carried out here every day. The University is proud to champion a culture of entrepreneurship, and we 
already have an enviable track record in producing successful spin-out companies. Working as part of beLAB1407 will 
further allow ourselves and our partner institutions to accelerate the drug discovery breakthroughs that we make, a 
move that could ultimately transform outcomes for many patients." 
ABOUT BRISTOL-MYERS SQUIBB COMPANY 
Bristol Myers Squibb is a global biopharmaceutical company whose mission is to discover, develop and deliver innovative 
medicines that help patients prevail over serious diseases. For more information about Bristol Myers Squibb, visit us 
at BMS.com/gb or follow us on LinkedIn, Twitter, YouTube, Facebook and Instagram. 
ABOUT EVOTEC SE 
Evotec is a drug discovery alliance and development partnership company focused on rapidly progressing innovative 
product approaches with leading pharmaceutical and biotechnology companies, academics, patient advocacy groups and 
venture capitalists. We operate worldwide and our more than 3,700 employees provide the highest quality stand-alone and 
integrated drug discovery and development solutions. We cover all activities from target-to-clinic to meet the 
industry's need for innovation and efficiency in drug discovery and development (EVT Execute). The Company has 
established a unique position by assembling top-class scientific experts and integrating state-of-the-art technologies 
as well as substantial experience and expertise in key therapeutic areas including neuronal diseases, diabetes and 
complications of diabetes, pain and inflammation, oncology, infectious diseases, respiratory diseases, fibrosis, rare 
diseases and women's health. On this basis, Evotec has built a broad and deep pipeline of more than 100 co-owned 
product opportunities at clinical, pre-clinical and discovery stages (EVT Innovate). Evotec has established multiple 
long-term alliances with partners including Bayer, Boehringer Ingelheim, Bristol Myers Squibb, CHDI, Novartis, Novo 
Nordisk, Pfizer, Sanofi, Takeda, UCB and others. For additional information please go to www.evotec.com and follow us 
on Twitter @Evotec. 
FORWARD-LOOKING STATEMENTS 
Information set forth in this press release contains forward-looking statements, which involve a number of risks and 
uncertainties. The forward-looking statements contained herein represent the judgement of Evotec as of the date of this 
press release. Such forward-looking statements are neither promises nor guarantees, but are subject to a variety of 
risks and uncertainties, many of which are beyond our control, and which could cause actual results to differ 
materially from those contemplated in these forward-looking statements. We expressly disclaim any obligation or 
undertaking to release publicly any updates or revisions to any such statements to reflect any change in our 
expectations or any change in events, conditions or circumstances on which any such statement is based. 
Media Contact Evotec SE: 

(MORE TO FOLLOW) Dow Jones Newswires

May 06, 2021 01:31 ET (05:31 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
ARGENX SE 0.38% 267.6 Real-time Quote.10.17%
BAYER AG 0.92% 51.75 Delayed Quote.6.53%
DJ INDUSTRIAL 0.95% 34358.12 Delayed Quote.11.73%
DUNDEE CORPORATION 1.36% 1.49 Delayed Quote.0.00%
EVOTEC SE 1.10% 37.68 Delayed Quote.23.15%
FACEBOOK INC 0.12% 342.825 Delayed Quote.25.63%
NOVARTIS AG -0.35% 84.77 Delayed Quote.1.71%
NOVO NORDISK A/S -0.35% 511.5 Delayed Quote.20.38%
ONCIMMUNE HOLDINGS PLC -2.57% 181.7 Delayed Quote.13.37%
PFIZER, INC. -0.20% 39.11 Delayed Quote.6.47%
SANOFI 0.37% 87.92 Real-time Quote.11.31%
SCANCELL HOLDINGS PLC -0.32% 21.73 Delayed Quote.55.71%
UCB 2.61% 86.34 Real-time Quote.-0.40%
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Financials
Sales 2021 557 M 666 M 666 M
Net income 2021 46,3 M 55,4 M 55,4 M
Net Debt 2021 73,5 M 87,9 M 87,9 M
P/E ratio 2021 139x
Yield 2021 -
Capitalization 6 103 M 7 280 M 7 300 M
EV / Sales 2021 11,1x
EV / Sales 2022 9,61x
Nbr of Employees 3 735
Free-Float 84,1%
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Number of Analysts 9
Last Close Price 37,29 €
Average target price 35,78 €
Spread / Average Target -4,06%
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Managers and Directors
Werner Lanthaler Chief Executive Officer
Enno Spillner Chief Financial Officer
Cord E. Dohrmann Chief Scientific Officer
Craig L. Johnstone Chief Operating Officer & Member-Management Board
Iris Löw-Friedrich Vice Chairman-Supervisory Board
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