Evotec is a drug discovery and development company working with pharmaceutical and biotech partners globally. It operates across shared R&D and biologics platforms and develops programs in oncology, autoimmune, metabolic, CNS and rare diseases.
Bristol Myers Squibb started a Phase 1 trial of BMS-986506 in clear cell renal cell carcinoma, triggering a $10 million milestone payment to Evotec SE. The candidate is the first molecular glue from the companies’ protein-degradation partnership to enter human testing.
The global drug discovery services market is valued at $22.04 billion in 2025 and is forecast to reach $75.13 billion by 2034, growing at a 14.6% CAGR from 2026-2034, driven by rising industry demand and technological advancements.
