On Aug. 8, Recursion Pharmaceuticals announced its intention to merge with Exscientia in an all-stock deal. Recursion Pharmaceuticals and Exscientia are both pharma-tech companies that aim to improve the new-drug discovery process with artificial intelligence.
On Thursday, Exscientia plc EXAI agreed to merge with Recursion Pharmaceuticals Inc. RXRX.
Recursion Pharmaceuticals , a biotech firm which uses artificial intelligence to discover new drug candidates, has agreed to buy smaller rival Exscientia for $688 million in an all-stock deal, according to a statement seen by Reuters.
| - Industry | - Sector | Dr. David Hallett Ph.D. CEO | NASDAQ (NGS) Exchange | US30223G1022 ISIN |
| US Country | 483 Employees | - Last Dividend | - Last Split | 1 Oct 2021 IPO Date |
Exscientia plc is an innovative Pharma-tech entity distinguished by its use of artificial intelligence (AI) to spearhead the creation of novel medications. Specifically targeting diseases that presently lack adequate treatments, this company endeavors to meet these significant unmet patient needs through advanced AI-driven methodologies. Since its establishment in 2012, Exscientia has been at the forefront of integrating AI into the pharmaceutical development process, positioning itself as a pioneering force in the field. Headquartered in Oxford, the United Kingdom, the company has forged valuable collaboration agreements with industry giants and institutions such as Merck KGaA, Bristol Myers Squibb, Sanofi, the Bill & Melinda Gates Foundation, Charité – Universitätsmedizin Berlin, Rallybio, and GT Apeiron Therapeutics, demonstrating its esteemed position in the sector and its commitment to addressing critical health challenges through innovative partnerships.
Exscientia is actively involved in the development of a diverse portfolio of therapeutic candidates across various stages of the drug development process, including: