Evolus

Evolus

EOLS
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EOLS · Stock Price

USD 6.39-3.41 (-34.80%)
Market Cap: $420.8M

Historical price data

Market Cap: $420.8MPipeline: 10 drugs (2 Phase 3)Founded: 2012Employees: 200-500HQ: Newport Beach, United States

Overview

Evolus is a commercial-stage biotech company with a mission to make the beauty experience accessible by offering high-quality aesthetic products at competitive price points. Its key achievement is establishing Jeuveau as the fastest-growing neurotoxin in the U.S. for four consecutive years and successfully launching the Evolysse dermal filler line. The company's strategy is to build a multi-product aesthetics portfolio by leveraging its commercial infrastructure, regulatory expertise, and direct sales force to in-license or acquire additional products, targeting a broad provider network of dermatologists, plastic surgeons, and medical spas.

Medical Aesthetics

Technology Platform

Proprietary manufacturing and purification processes for protein-based injectables, including a 900 kDa botulinum toxin complex (Jeuveau) and Cold-X™ technology for hyaluronic acid dermal fillers (Evolysse).

Pipeline

10
10 drugs in pipeline2 in Phase 3
DrugIndicationStageWatch
prabotulinumtoxinA-xvfsNeck Muscle IssueApproved
Botulinum toxin, Type AGlabellar Frown LinesPhase 3
Botulinum toxin, Type AGlabellar Frown LinesPhase 3
PrabotulinumtoxinA-Xvfs + OnabotulinumtoxinA + Prabotulinumt...Glabellar Frown LinesPhase 2
DWP-450 (Botulinum purified neurotoxin, Type A)Glabellar Frown LinesPhase 2

Funding History

4
Total raised:$470M
Debt$125M
IPO$125M
Series B$140M
Series A$80M

Opportunities

The global cash-pay medical aesthetics market offers sustained growth driven by demographic trends and social acceptance.
Evolus's opportunity lies in expanding its portfolio beyond Jeuveau, leveraging its commercial platform to launch new products like Evolysse and future acquisitions, thereby transitioning from a single-product company to a diversified aesthetics leader.

Risk Factors

Key risks include intense competition from larger, resource-rich rivals like AbbVie, potential pricing pressures, commercial execution missteps with new product launches, reliance on Jeuveau for the majority of revenue, and the challenge of successfully identifying and integrating new pipeline assets through business development.

Competitive Landscape

Evolus competes in the crowded medical aesthetics market against dominant players AbbVie (Botox, Juvéderm) and Galderma (Dysport, Restylane), as well as Merz and Revance. Its position as a value-focused challenger relies on competitive pricing, aggressive marketing, and innovative loyalty programs to capture share from established brands.

Company Timeline

2012Founded

Founded in Newport Beach, United States

2017Series B

Series B: $140.0M

2018IPO

IPO — $125.0M

2021Debt

Debt: $125.0M