Repligen (NasdaqGS:RGEN) Q3 2025 Earnings Call October 28, 2025 08:30 AM ET Company ParticipantsDoug Schenkel - Managing Director and Head of Life Science Tools and DiagnosticsJason Garland - CFOCasey Woodring - VP of Equity ResearchOlivier Loeillot - President and CEOBrandon Couillard - Managing DirectorDaniel Markowitz - VPDan Arias - Managing DirectorLuke Sergott - Director of Healthcare Equity ResearchJacob Johnson - VP of Investor RelationsConference Call ParticipantsAnna Snopkowski - Equity Research A ...

H1 2025 Performance & Strategic Review - Evotec achieved > €40 million in annualized gross savings through Priority Reset initiatives[13] - Discovery & Preclinical Development (D&PD) experienced an 11% revenue decline due to soft demand for transactional business[19] - Just - Evotec Biologics (JEB) saw a 16% year-over-year revenue growth, driven by strong non-Sandoz/non-DOD business[19] - The company is implementing a new operating model[18] and focusing investments in technology leadership[13] Technology & Asset Monetization - Evotec is expanding its E.MPD (Electronic Medical Product Documentation) database, now encompassing ~27,000 patients across various therapeutic areas[40] - A non-binding term sheet was signed for the sale of Just - Evotec Biologics EU site in Toulouse to Sandoz, including purchase price consideration, technology license fees, development revenues, milestones, and royalties[19] - The company is pursuing an IP licensing model for its proprietary continuous manufacturing platform and J CHO cell line[50] Financials & Outlook - The company is ahead of its cost-out plan[13], with FY 2025 total cost-out target of €60+ million[29] - Total liabilities and lease obligations decreased to €462 million from €478 million (end of Q1 '25)[35] - The company expects revenue between €800 million[62] for FY2025 - The company aspires to achieve revenue CAGR of 8-12% and an adjusted EBITDA margin >20% by 2028[70]