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BMS links up with Exscientia for $1.2bn AI drug discovery deal

BMS links up with Exscientia for $1.2bn AI drug discovery deal
Deal focuses on the use of AI to discover drug candidates across a number of therapeutic areas
Bristol Myers Squibb (BMS) has announced a new collaboration agreement with Exscientia to use artificial intelligence (AI) to discovery drug candidates across a number of therapeutic areas.
The collaboration will leverage Exscientia’s AI technology to accelerate the discovery of small molecule therapeutic drug candidates in multiple therapeutic areas, including oncology and immunology.
As part of the agreement, BMS will pay Exscientia $50m upfront, with up to $125m earmarked in near- to mid-term potential milestones. ....

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Exscientia expands AI-based drug discovery alliance with BMS

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Investegate |Frontier IP Group Announcements | Frontier IP Group: Exscientia collaboration with Bristol Myers Squibb

Investegate announcements from Frontier IP Group, Exscientia collaboration with Bristol Myers Squibb ....

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Bristol-Myers ties up with AI pharmatech Exscientia

Exscientia.
The agreement includes up to $50 million in upfront funding, up to $125 million in near to mid-term potential milestones, and additional clinical, regulatory and commercial payments that take the potential value of the deal beyond $1.2 billion. Exscientia will also receive royalties on net sales of any marketed drug products resulting from the collaboration.
The biotech industry is increasingly using AI to deploy targeted drug molecules to test the efficacy of drugs to tackle illnesses ranging from cancer to heart disease.
Headquarters of Bristol-Myers Squibb Germany in Munich, Germany.
Andrew Hopkins, CEO of Exscientia, commented, “…this expanded collaboration …speaks to the strength and promise of Exscientia’s AI technologies and drug discovery expertise. We’re excited to work with such an experienced collaborator as Bristol Myers Squibb to develop the best possible medicines for patients.” ....

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Exscientia announces multi-target, AI-driven drug discovery collaboration with Bristol Myers Squibb

Exscientia announces multi-target, AI-driven drug discovery collaboration with Bristol Myers Squibb
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