EVOCA™
Search documents
Biotalys Reports Half-Year 2025 Financial Results and Business Highlights
Globenewswire· 2025-09-18 05:00
Core Insights - Biotalys has made significant progress in its mission to bring sustainable precision biocontrols to market, particularly with its first biocontrol candidate, EVOCA, which is advancing through the regulatory approval process in the U.S. and Europe [2][4][7] - The company has established a strategic partnership with AgroFresh to develop post-harvest biobased solutions, addressing challenges in the supply chain for fresh produce [3][5][10] - Financial results for the first half of 2025 show an operating loss of €8.1 million, with cash and cash equivalents at €15.7 million, providing a financial runway into May 2026 [9][6][18] Regulatory Developments - Biotalys is collaborating closely with the EPA in the U.S. and the CTGB in Europe to expedite the regulatory review of EVOCA, with expectations for final steps in the registration process by Q4 2025 [4][7] - Positive evaluations from the CTGB and RIVM have paved the way for the peer review phase in Europe, with no critical concerns identified regarding EVOCA's active ingredient [7] Research and Development Updates - Research and development expenses increased to €6.5 million in H1 2025, primarily due to higher external costs, while net cash used in operations was €6.1 million, slightly lower than the previous year [11][18] - Biotalys is advancing its pipeline with multiple programs, including BioFun-6, which has shown strong efficacy in trials, and is collaborating with various academic and industry partners to further develop its product candidates [10][19] Corporate Highlights - The leadership team has been expanded with experienced executives, including the appointment of a new Chief Financial Officer and a new board member with extensive industry experience [10] - Biotalys has strengthened its patent position, obtaining patent protection for EVOCA in Brazil and China, and has been recognized in the FoodTech 500 list, ranking 32 [10][19]
Biotalys Provides Regulatory Review Update for EVOCA in the U.S.
Globenewswire· 2025-08-29 05:00
Core Insights - Biotalys is progressing with the regulatory approval of its first protein-based biocontrol product, EVOCA, with the U.S. EPA confirming that the scientific review is ongoing and all additional information requests have been addressed [2][3] - The company now anticipates that the final steps of the registration procedure will occur in Q4 2025, a delay from the previous expectation of completion by the end of September [2] - EVOCA is designed to control fungal diseases such as Botrytis and powdery mildew, providing biodegradable solutions for fruit and vegetable growers [3] Company Overview - Biotalys is an AgTech company focused on developing precision biocontrol solutions based on proteins for crop protection in pre- and post-harvest markets [5] - The company utilizes its AGROBODY technology platform to create products that combine the efficacy of traditional chemical solutions with the environmental benefits of biological alternatives [5] - Founded in 2013 as a spin-off from the VIB, Biotalys is headquartered in Ghent, Belgium, and is listed on Euronext Brussels [5]
Biotalys Reports Progress in the Regulatory Review of EVOCA in both US and EU
Globenewswire· 2025-06-11 05:00
Core Insights - Biotalys is making significant progress in the regulatory approval of its first protein-based biocontrol product, EVOCA™, in both the United States and Europe [2][3][4] Regulatory Developments - The US Environmental Protection Agency (EPA) is expected to complete the scientific review of EVOCA's dossier by the end of summer 2025, with a regulatory decision projected by September 30, 2025 [3] - In Europe, the Dutch authorities have provided positive evaluations of EVOCA's regulatory dossier, classifying its active ingredient as low risk, which is crucial for its approval process [4][5] Product Information - EVOCA™ is designed to control fungal diseases such as Botrytis and powdery mildew, offering biodegradable solutions for fruit and vegetable growers [6] - The product is based on Biotalys' AGROBODY™ technology platform, which has the potential to develop additional protein-based biocontrol solutions [6][8] Future Outlook - A regulatory decision in the European Union is anticipated in the second half of 2026, contingent upon the provision of additional data during the peer review phase [5] - The approval of EVOCA would represent a major milestone for Biotalys and validate its innovative technology platform [6]