artificial intelligence
Recursion merges with Exscientia
Two leading AI drug development companies are merging: Recursion Pharmaceuticals is buying Exscientia for $688 million. The larger company will still call itself Recursion, and CEO Chris Gibson will retain his role. David Hallett, Exscientia's interim CEO, will be Recursion's chief scientific officer.
This is one of the first major mergers in AI drug development. The new company is set to have 10 clinical-stage drug readouts within the next 18 months, which include partnerships with large pharmaceutical companies and NVIDIA, which invested $50 million in Recursion last year.
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podcast
Why did Novo pull heart failure paperwork for Wegovy?
How will we know if the government gets a good deal in the first round of drug pricing negotiations? And has Allison thought about anything other than venture capital for the last couple of months? We discuss all that and more on this week's episode of "The Readout LOUD."
STAT's Washington Correspondent John Wilkerson joins us to discuss the first round of drug pricing negotiations under the Inflation Reduction Act, which will wrap up by Sept. 1. We also cover the latest news in the life sciences, including the merger of AI drug development companies Recursion Pharmaceuticals and Exscientia; Novo Nordisk's decision to pause its regulatory submission for Wegovy's use in patients with heart failure with preserved ejection fraction; and the state of biotech VC.
Listen here.
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