Celgene pays $25 million to become latest pharma to partner with Exscientia

21 March 2019

US biotech major Celgene (Nasdaq: CELG) has become the latest drugmaker to team up with Exscientia, a privately-owned UK-based company that uses artificial intelligence (AI) in drug discovery.

The partnership will focus on accelerating drug discovery in oncology and autoimmunity, and will involve Celgene paying $25 million upfront, with Exscientia eligible to receive significant milestone and royalty payments based on the success of the program and future sales.

"AI combined with human creativity can significantly accelerate the drug discovery process"This makes the contract one of the largest AI drug discovery deals in the industry.

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