Recursion and Exscientia, two leaders in the AI drug discovery space, have officially combined to advance the industrialization of drug discovery
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Recursion has completed its acquisition of Exscientia, making Exscientia a wholly owned subsidiary. This merger aims to enhance the industrialization of AI-driven drug discovery. Exscientia's ADSs will be delisted from Nasdaq.
November 20, 2024 | 12:15 pm
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Exscientia has been acquired by Recursion and will be delisted from Nasdaq. This marks the end of Exscientia's independent trading status.
Exscientia's delisting from Nasdaq following its acquisition by Recursion means it will no longer trade independently, which could lead to a decrease in liquidity and investor interest in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Recursion has acquired Exscientia, creating a vertically-integrated AI drug discovery platform. This merger could enhance Recursion's capabilities and market position.
The acquisition of Exscientia by Recursion is likely to strengthen Recursion's position in the AI drug discovery market, potentially leading to positive investor sentiment and a short-term stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100