Exscientia Plc (EXAI) has released an update.
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Exscientia Plc merges with Recursion to form a powerful AI-driven drug discovery platform, marking a significant step in the industrialization of drug development. This strategic move results in Exscientia becoming a wholly owned subsidiary of Recursion, enhancing their capabilities with over 10 clinical and preclinical programs and potential milestone payments exceeding $20 billion. The merger aims to accelerate drug discovery processes, reduce costs, and introduce innovative treatments faster than traditional methods.
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