other material
confidence high
sentiment positive
materiality 0.70
Absci announces strategic R&D partnership with PrecisionLife to develop AI-enabled drug pipeline
Absci Corp
- Partnership combines Absci's generative AI antibody design with PrecisionLife's disease biology to develop up to five drug targets.
- With this partnership, Absci has signed ten new Active Programs in 2023, achieving its full-year outlook.
- Collaboration aims to create a shared pipeline of novel biotherapeutics for chronic diseases with unmet medical needs.
- Absci and PrecisionLife will jointly evaluate options to advance programs and share in potential value.