Recursion Pharmaceuticals Boosts AI Capabilities with Exscientia Acquisition

Published 9 hours agoRXRX

Recursion Pharmaceuticals Boosts AI Capabilities with Exscientia Acquisition

Recursion Pharmaceuticals has taken a significant step to enhance its AI-driven drug discovery capabilities by acquiring UK-based biotechnology company Exscientia for $688 million in August 2024. This acquisition is aimed at expanding Recursion's drug pipeline as the company positions itself for significant milestones in its research and development pipeline through 2026.

In addition to this acquisition, Recursion has solidified its R&D efforts by forming strategic partnerships with major pharmaceutical companies, including Roche and Bayer. These collaborations are focused on advancing therapies in neuroscience and oncology. Furthermore, Recursion received a $50 million investment from NVIDIA in July 2023, intended to accelerate the development of its AI foundation models for biology and chemistry.

Recursion is deeply engaged in clinical trials for treatments targeting rare diseases and cancers. The company is expected to release its quarterly earnings later this week, which will likely include updates on its R&D progress. Reuters has documented these recent strategic movements, highlighting Recursion's efforts to leverage partnerships and investments to drive forward its ambitious R&D agenda.

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