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VisitWill the merger between Recursion Pharmaceuticals and Exscientia be completed by December 31, 2024?
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Official press releases from either Recursion Pharmaceuticals or Exscientia, financial news outlets such as Bloomberg or Reuters
Recursion and Exscientia to Merge in $688 Million All-Stock Deal
Aug 8, 2024, 12:02 PM
Recursion Pharmaceuticals and Exscientia have entered a definitive agreement to merge, creating a global leader in technology-enabled drug discovery. The merger, valued at $688 million, is an all-stock deal that will combine Recursion's high throughput target biology and supercomputing capabilities with Exscientia's generative AI drug design and chemistry automation. The collaboration is expected to enhance the companies' end-to-end capabilities in the biotech sector, marking a significant milestone in the use of AI in drug development.
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