AstraZeneca Signs $247 Million Collaboration Agreement with Absci to Co-Develop Cancer Drugs
AstraZeneca has signed a $247 million collaboration agreement with Absci to jointly develop cancer drugs. The partnership aims to develop novel generative AI models to create new and improved antibody therapies. Absci utilizes generative AI to design optimal drug candidates. The CEO of Absci stated that this brings new treatment options for cancer patients. The deal includes an upfront payment, research funding, milestone payments, and royalties.
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