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Evogene to Present Its Pharma Discovery Achievements at BIO-Europe Spring 2026
Prnewswire· 2026-03-09 13:00
Core Insights - Evogene Ltd. will present its pharmaceutical discovery achievements at the BIO-Europe Spring 2026 conference in Lisbon, Portugal, from March 23-25, 2026 [1] - The presentation will focus on technological breakthroughs in AI-driven small-molecule discovery and optimization, particularly through the use of ChemPass AI™ [1] Company Overview - Evogene Ltd. specializes in computational chemistry and the generative design of small molecules for pharmaceutical and agricultural industries [1] - The company's technology, ChemPass AI™, is designed to explore vast chemical spaces and generate novel, highly potent small molecules optimized across multiple critical parameters [1] - Evogene aims to create breakthrough products by integrating scientific innovation with real-world industry needs through strategic partnerships and internal product development [1] Conference Details - Dr. Gabi Tarcic and Dr. Olga Nissan will represent Evogene at the conference, with Dr. Nissan delivering an oral presentation on March 24, 2026 [1] - One-on-one meetings will be available for interested parties to discuss potential collaborations [1]
Evogene Reports Fourth Quarter and Full Year 2025 Financial Results
Prnewswire· 2026-03-05 12:00
Core Insights - Evogene Ltd. has reported its financial results for the fourth quarter and full year ended December 31, 2025, highlighting a strategic shift towards its proprietary technology, ChemPass AI™, focusing on small-molecule discovery in the pharmaceutical and agricultural sectors [1][2]. Financial Performance - Revenues for 2025 totaled approximately $3.9 million, down from $5.6 million in 2024, primarily due to lower revenue from AgPlenus and reduced seed sales from Casterra [2][3]. - Operating expenses decreased significantly to approximately $13.8 million in 2025 from $22.0 million in 2024, with fourth-quarter expenses at approximately $3.2 million compared to $4.3 million in the same period of 2024 [2][3]. - The net loss for 2025 was approximately $7.8 million, a decrease from $18.1 million in 2024, attributed to reduced operating expenses and income from discontinued operations [3][4]. Strategic Initiatives - The company has streamlined operations by discontinuing non-core activities and divesting misaligned assets, including the acquisition of Lavie Bio by ICL and the licensing of Biomica's oncology candidate to Lishan Pharmaceuticals [1][2]. - ChemPass AI™ has been advanced through collaborations, including a partnership with Google Cloud, which has enhanced the model's design precision to 90% based on 38 billion structures [1][2]. Market Focus - Evogene is concentrating on two high-impact markets: pharmaceuticals and agriculture, with ChemPass AI™ being utilized for drug discovery and the development of novel herbicides and fungicides [1][2]. - The company aims to maximize the value of its ChemPass AI platform through integrated operations and strategic partnerships, positioning itself for growth in the ag-chemical sector [1][2]. Cash Position - As of December 31, 2025, Evogene held approximately $13.0 million in cash and cash equivalents, with a cash usage of approximately $3.0 million in the fourth quarter [2][3]. - The company expects to sustain reduced expense levels in future periods following its organizational realignment and cost-reduction initiatives [2][3].
Evogene and Queensland University of Technology (QUT) Announce a Collaboration to Advance AI-Driven Cancer Therapeutics
Prnewswire· 2026-02-17 13:00
Core Insights - Evogene Ltd. has announced a collaboration with Queensland University of Technology (QUT) to develop AI-driven cancer therapeutics aimed at overcoming chemotherapy resistance in lung cancer [1] Company Overview - Evogene Ltd. specializes in computational chemistry and generative design of small molecules for pharmaceutical and agricultural industries [1] - The company's proprietary technology, ChemPass AI™, enhances the design of potent small molecules by optimizing multiple critical parameters, improving success rates while reducing development time and costs [1] Collaboration Details - The partnership focuses on discovering and optimizing novel small molecules to treat chemotherapy and targeted therapy-resistant non-small cell lung cancer (NSCLC) [1] - The collaboration leverages breakthrough findings from Dr. Mark Adams' lab, which identified a druggable cellular detoxification pathway that drives Cisplatin resistance in NSCLC [1] - The collaboration aims to design small-molecule inhibitors to block this resistance mechanism and restore treatment sensitivity [1] Research and Development Focus - The collaboration will refine compound design using biological insights from Dr. Adams' lab integrated into ChemPass AI™ for multi-parameter optimization [1] - ChemPass AI™ will be utilized to generate high-quality chemical leads, prioritizing molecules with strong inhibitory potential and favorable drug-like properties [1] - The research will identify critical mechanisms within Cisplatin-induced detoxification processes that can be therapeutically disrupted [1] Expert Statements - Dr. Mark Adams emphasized the translational potential of the partnership, highlighting the opportunity to accelerate research into real-world outcomes for cancer patients [1] - Dr. Gabi Tarcic from Evogene noted the importance of combining biological insights with advanced AI-driven drug design capabilities to address chemotherapy resistance [1]
Evogene, Systasy and LMU University Hospital Munich Announce a Collaboration to Develop Novel Therapies for Neutrophil-Derived Inflammatory Diseases
Prnewswire· 2026-02-11 13:00
Core Insights - Evogene, Systasy, and LMU University Hospital Munich have announced a collaboration to develop novel therapies for neutrophil-derived inflammatory diseases, supported by a pan-European EUREKA grant [1][2][3] - The collaboration aims to address the unmet need for safe and effective treatments for inflammatory bowel disease (IBD) and other hyper-inflammatory diseases driven by dysregulated neutrophil activity [1][2] - The project leverages the expertise of each partner, with Evogene leading small-molecule drug discovery using its ChemPass AI™ generative engine, while Systasy will enhance its PathwayProfiler™ platform for profiling stem cell-derived neutrophils [1][2][3] Company Contributions - Evogene will utilize its proprietary ChemPass AI™ to design, optimize, and prioritize novel inhibitors, integrating computational design with high-throughput experimental validation in collaboration with the Weizmann Institute of Science [1][2] - Systasy will expand its PathwayProfiler™ platform to generate high-dimensional functional data for validating Evogene's AI-designed inhibitors, enhancing the drug discovery process [1][2][3] - LMU University Hospital, led by Prof. Christoph Klein, will apply advanced stem cell biology and precision diagnostics to validate lead compounds and support biomarker discovery [1][2][3] Industry Context - The collaboration addresses a significant global health issue, as hundreds of millions are affected by inflammatory and immune-mediated diseases where neutrophils play a key pathogenic role [1][2] - Current therapies do not directly target neutrophils, highlighting the need for innovative treatment approaches that can modulate excessive neutrophil-driven inflammation [1][2] - The integration of AI-driven discovery with clinical insights aims to advance therapeutic concepts with clear clinical and commercial potential, reflecting a trend towards personalized medicine in immunology [1][2][3]
Evogene Announces a Warrant Inducement Transaction for Approximately $3.4 Million of Gross Proceeds
Prnewswire· 2026-02-10 18:20
Core Viewpoint - Evogene Ltd. has announced a warrant inducement transaction that will generate approximately $3.4 million in gross proceeds through the immediate exercise of existing warrants, aimed at enhancing its working capital and supporting general corporate purposes [1]. Group 1: Warrant Inducement Transaction - The company entered into a warrant inducement agreement with an existing institutional investor for the immediate exercise of Series A and Series B ordinary warrants, allowing the purchase of up to 1,692,308 ordinary shares each [1]. - The existing warrants will be exercised at a reduced price of $1.00 per share, resulting in total gross cash proceeds of approximately $3.4 million before expenses [1]. - In exchange for the immediate exercise of the existing warrants, the investor will receive new Series A-1 and Series B-1 unregistered warrants, each allowing the purchase of up to 2,538,462 ordinary shares at an exercise price of $1.25 per share [1]. Group 2: Use of Proceeds and Financial Advisory - The net proceeds from the transaction are intended for working capital and other general corporate purposes [1]. - A.G.P./Alliance Global Partners is acting as the sole financial advisor for this transaction [1]. Group 3: Regulatory and Compliance Information - The new warrants were offered in a private placement under an exemption from the registration requirements of the Securities Act of 1933, and the company plans to file a registration statement with the SEC for the resale of ordinary shares upon exercise of the new warrants [1].
Evogene Appoints Prof. John Irwin and Prof.
Prnewswire· 2026-02-09 13:00
Core Insights - Evogene Ltd. has appointed Prof. John J. Irwin and Prof. Dan T. Major to its Scientific Advisory Board, enhancing its scientific leadership and supporting the advancement of ChemPass AI™ for drug and ag-chemical discovery [1][2][3] Company Overview - Evogene Ltd. is a leading computational chemistry company focused on AI-driven discovery and design of novel small molecules for the pharmaceutical and agricultural industries [7] - The company's proprietary generative AI engine, ChemPass AI™, is designed to generate highly potent, novel molecular candidates optimized across multiple critical parameters, improving success rates and reducing development time and costs [8][9] Scientific Advisory Board Contributions - Prof. John J. Irwin is recognized for his work in ligand discovery and virtual screening, having created widely used resources such as ZINC and DOCK, with over 35,000 citations [4] - Prof. Dan T. Major specializes in multiscale molecular modeling, integrating quantum mechanics and AI to accelerate drug discovery and ag-chemical development, with over 150 peer-reviewed publications [5] - Both professors will provide strategic guidance to ensure the accuracy, robustness, scalability, and applicability of ChemPass AI™ in real-world discovery programs [3][6] Strategic Goals - The appointments align with Evogene's Real-World Innovation approach, integrating deep scientific understanding with practical requirements in pharmaceutical and ag-chemical R&D [3] - The company aims to translate computational innovation into tangible value for the drug and ag-chemical industries through strategic partnerships and internal product development [9]
Evogene and Shanghai Lishan Biopharmaceuticals Co. Announce Exclusive Licensing Agreement for BMC128, a Microbiome-Based Therapeutic for Renal and Lung Cancer
Globenewswire· 2026-02-05 03:00
Core Insights - Evogene Ltd. and Lishan Biotech have entered into an exclusive worldwide licensing agreement for BMC128, a microbiome-based therapeutic aimed at enhancing anti-tumor immune activity [1] - BMC128 is currently in Phase 1 clinical trials, showing promising early results in renal cell carcinoma and non-small cell lung cancer, with a good safety profile and early signs of efficacy [1] - Lishan Biotech will take over global clinical development, manufacturing, and commercialization of BMC128, while Biomica will receive milestone payments and royalties [1] Company Overview - Evogene Ltd. specializes in computational chemistry and the generative design of small molecules for pharmaceutical and agricultural applications, utilizing its proprietary ChemPass AI™ technology [2] - Lishan Biotech focuses on innovative therapies for complex chronic diseases, employing unique technologies to address unmet medical needs in inflammation, oncology, and neurological disorders [4]