Evotec revenues dip
Germany's Evotec says that first-half 2007 revenues were in line with its full-year expectations, reaching 28.5 million euros ($38.8 million), down 8% on the like 2006 period due to the latter including a milestone payment from its collaboration with Boehringer Ingelheim.
However, the company's net loss for the six months saw a dramatic drop to 9.8 million euros from 16.1 million euros due to a non-operating profit, and it sustained a strong cash position at end-June of 72.4 million euros.
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