- Business
- Evogene Ltd. (Nasdaq: EVGN, TASE: EVGN.TA) Evogene Ltd. is an Israel-based computational biology company founded in 1999 and headquartered in Rehovot that leverages its Computational Predictive Biology (CPB) platform and three proprietary AI-driven technological engines—MicroBoost AI for microbe-based products, ChemPass AI for small molecule-based products, and GeneRator AI for genetic element-based products—to accelerate discovery and development of life-science products in agriculture, human health, and industrial applications; core offerings include improved seed traits such as enhanced yield, disease resistance, and stress tolerance in crops like corn, soybean, and wheat; microbial-based biologicals for insect control, disease management, and plant growth promotion; ag-chemical solutions; human microbiome-based therapeutics; and industrial castor bean seeds for biofuel and biopolymer production. The company operates globally through subsidiaries including Biomica Ltd. for microbiome therapeutics targeting immuno-oncology and metabolic diseases, AgPlenus Ltd. for crop protection chemicals, and Casterra Ag Ltd. for castor cultivation, serving pharmaceutical firms, agribusinesses, farmers, and industrial manufacturers primarily in North America, Europe, Israel, and emerging markets. Evogene generates revenue through research collaborations, licensing agreements, royalties, product sales, and grants. In 2025, Evogene completed the sale of most Lavie Bio Ltd.'s ag-biologicals assets and its MicroBoost AI for Agriculture platform to ICL Group Ltd. for $18.71 million in July, strengthening its cash position to support an 18-month runway; launched ChemPass AI version 1.0 in partnership with Google Cloud, trained on 38 billion molecular structures to enhance small molecule design for pharmaceuticals and crop protection; integrated AgPlenus operations into the parent company while maintaining partnerships with Bayer and Corteva; initiated a collaboration with Professor Ehud Gazit for small molecule therapeutics targeting gout and PKU; reduced workforce by 30% at the parent level and 40% at AgPlenus as part of a broader restructuring to cut operating expenses by 31% year-over-year to $7.7 million in H1 2025; and raised $4.4 million via an at-the-market equity offering.