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Market
Will the Recursion and Exscientia merger be completed by December 31, 2024?
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Official announcements from Recursion Pharmaceuticals, Exscientia, or financial news sources like Bloomberg or Reuters
Story
Recursion and Exscientia Announce $688 Million All-Stock Merger
Aug 8, 2024, 12:52 PM
Recursion Pharmaceuticals and Exscientia have announced a definitive agreement to merge, creating a global leader in AI-driven drug discovery. The merger, valued at $688 million, will be an all-stock deal. This strategic move combines Recursion's high throughput target biology and supercomputing capabilities with Exscientia's generative AI drug design and chemistry automation. The merger aims to accelerate drug discovery, delivering better treatments to patients faster and at lower costs. The combined entity will also gain access to partnerships with large pharmaceutical companies like Sanofi and Merck KGaA.
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