Recursion Pharmaceuticals and Exscientia, two of the most prominent AI-driven drug discovery companies, are merging. The deal, which the firms expect to be official in early 2025, would create a portfolio of clinical and near-clinical programs with an expected 10 clinical readouts over the the next 18 months with “peak sales opportunities in excess of…
Ginkgo Bioworks and Google Cloud forge five-year AI and biology partnership
Founded in 2008, Ginkgo Bioworks’ stock jumped almost 25% on August 29, hitting $2.22, after unveiling a five-year partnership with Google Cloud. The partnership centers around the development of novel AI tools for biology and biosecurity. In particular, Ginkgo hopes to further its mission to make biology easier to engineer in the AI era. Opting…
Cellares teams up with Bristol Myers Squibb to explore automated CAR-T cell therapy manufacturing
Less than a week after announcing that it has secured $255 million in Series C funding, South San Francisco-based startup Cellares has revealed that Bristol Myers Squibb has joined its Technology Adoption Partnership (TAP) program. To date, the company has raised more than $355 million in total financing. As part of the TAP program, Bristol…