BMS Exercises its Option to Develop Exscientia’s AI-Designed Drug Candidate

Shots:

  • Exscientia to receive $20M as an option exercise fee and is eligible for development milestones along with royalties on any product sales
  • BMS has elected to in-license an Exscientia’s immune-modulating drug candidate & will be responsible for clinical and commercial development of the product
  • In May’21, the companies have expanded the collaboration to accelerate the discovery of drug candidates by using Exscientia’s AI technology for multiple therapeutic areas, including oncology and immunology

Click here to­ read full press release/ article | Ref: Exscientia | Image: Exscientia

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