Recursion Eyes Guidance On Seven Clinical Readouts Within ~18 Months And Shares Partnership Updates At Co Download Day
Portfolio Pulse from Benzinga Newsdesk
Recursion (NASDAQ:RXRX) provided updated guidance on seven clinical trial readouts expected within the next 18 months and shared partnership updates, including a collaboration with Bayer on oncology projects and the use of Recursion's LOWE for drug discovery.
June 24, 2024 | 12:07 pm
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Recursion announced seven clinical trial readouts within the next 18 months and partnership updates with Bayer, including the use of their LOWE for drug discovery. This news is likely to positively impact RXRX stock in the short term due to the potential advancements in their pipeline and strategic partnerships.
The announcement of multiple clinical trial readouts and strategic partnerships with Bayer, including the use of Recursion's LOWE for drug discovery, indicates significant progress in Recursion's pipeline and potential for future growth. This is likely to boost investor confidence and positively impact RXRX stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100