Evotec's partner Roche provides initial update from Phase IIb trial in Alzheimer's disease
Dr Werner Lanthaler, Chief Executive Officer of Evotec, commented: "Clearly disappointing news that Sembragiline didn't reach its primary endpoint but Alzheimer's is one of the biggest medical challenges of our times, and will remain a priority for Evotec and our partners. Strategically, this programme represents one out of more than 70 product opportunities within our portfolio in the fields of CNS and pain, metabolic diseases, oncology and anti-infectives."
Today's news has no impact on Evotec's financial guidance. In 2015, total Group revenues excluding milestones, upfronts and licences are expected to increase more than 35%. Evotec's Group EBITDA before changes in contingent considerations is expected to be positive. Evotec expects research and development (R&D) expenses to grow to EUR 15 m - EUR 20 m. Liquidity is expected to be well in excess of EUR 100 m at 31 December 2015.
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