Are you looking for the latest innovations in the investing world? Look no further than Extreme Investor Network. We bring you unique insights and information that you won’t find anywhere else. Today, we’re diving into the exciting developments at Recursion Pharmaceuticals, a pioneer in AI drug discovery.
Recursion Pharmaceuticals recently announced a major milestone in its quest to revolutionize the treatment of solid tumors and lymphoma. Using its artificial intelligence-enabled drug discovery platform, Recursion was able to identify a promising area of biology to target, match it with a drug candidate, and gain regulatory approval for a phase 1/2 clinical trial in less than 18 months.
The experimental drug candidate, REC-1245, is set to enter the trial phase in the fourth quarter of this year. With the potential to impact over 100,000 patients in the U.S. and European Union, REC-1245 targets RBM39, a marker with similarities to CDK12 that could treat advanced HR-proficient cancers like ovarian, prostate, breast, and pancreatic cancers.
What sets this program apart is its origin from Recursion’s vast biological map, built over 11 years of research. CEO Chris Gibson highlighted the power of artificial intelligence in accelerating drug discovery and reducing costs by eliminating trial-and-error processes.
Despite a recent dip in shares, Recursion remains a promising investment opportunity, especially as it looks to merge with Exscientia, another AI-drug discovery company. Analysts are optimistic, with an average price target of $10.14, implying a 64% return. Keep an eye on Recursion as it continues to push the boundaries of AI in drug development.
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