I am thrilled to announce that Recursion has entered into a definitive agreement to combine with Exscientia (Nasdaq: EXAI), bringing together the best in technology-enabled drug discovery platforms, expertise, pipelines, and partnerships!
From our inception, we have been relentlessly focused on using technology and automation to decode biology and design and deliver the best treatments to patients in need. With this agreement, we intend to accelerate even more rapidly toward that shared goal – combining our high throughput target biology, foundation models, and supercomputing capabilities with Exscientia’s generative AI drug design, precision chemistry, and automated synthesis.
Here are the key synergies I’m most excited about.
Platform: Combining our complementary platforms will allow us to quickly advance our full-stack end-to-end capabilities, including patient-centric target discovery, hit discovery, lead optimization, automated chemical synthesis, predictive ADMET and translation, biomarker selection, and clinical development.
Pipeline: Our shared portfolio will bring together Recursion’s first-in-class therapeutics in oncology, rare disease, and infectious disease with Exscientia’s best-in-class oncology drugs. Together, we’re anticipating ~10 clinical readouts in the next ~18 months where many of these programs, if successful, could have peak sales opportunities in excess of $1 billion.
Partnerships: We’ll be advancing transformative therapeutics with the world’s leading biopharma companies, including Roche-Genentech, Sanofi, Bayer, and Merck KGaA, with the potential for approximately $200 million in milestone payments over the next 24 months, and over $20 billion overall before potential royalties over the course of the partnership.
This is the TechBio future of drug discovery – leveraging two exceptional complementary technologies, the industry’s fastest computing, and world-class expertise to decode biology and radically improve lives.
Learn more and review important and required disclosure related to this information here: https://lnkd.in/gJ9z_a4d
Today, we are thrilled to announce that we have entered into a definitive agreement with Exscientia (Nasdaq: EXAI). This proposed combination of Recursion’s high throughput target biology and Exscientia’s generative AI drug design and chemistry automation capabilities will help us deliver better treatments to patients faster and at a lower cost.
We’re combining strengths and realizing synergies across several key areas:
◾ Platform: The proposed combination enables us to assemble a platform that leverages technology to enable a full-stack discovery solution spanning patient-centric target discovery, hit discovery, lead optimization, automated chemical synthesis, predictive ADMET and translation, biomarker selection, clinical development, and more.
◾ Pipeline: Combining our portfolios will allow us to expand into new areas of oncology and immunology and result in a diverse portfolio of clinical or near-clinical programs with approximately 10 clinical readouts in the next 18 months. Most of these programs, if successful, could have peak sales opportunities in excess of $1 billion.
◾ Partnerships: Together, we will also advance transformative therapeutic discovery collaborations with some of the most prominent biopharma companies in the world, including Roche-Genentech, Sanofi, Bayer, and Merck KGaA, with the potential for approximately $200 million in milestone payments over the next 24 months, and over $20 billion overall before potential royalties over the course of the partnership.
We couldn’t be more excited to bring together these two incredible teams to accelerate our ability to deliver first-in-class and best-in-class treatments to patients who need them most.
Learn more: https://lnkd.in/eZ9U8vwN
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