AstraZeneca inks $247M deal with generative AI shop Absci to develop antibody drug for cancer
AstraZeneca is joining forces with Absci in a deal worth up to $247 million focused on using AI to conduct large-scale protein analysis to design a new antibody-based drug candidate for cancer.
The $247 million total comprises an undisclosed upfront payment to Absci, as well as further funding and milestone payments. Absci could also get royalties on product sales. The Financial Times reported the news on Sunday. AstraZeneca and Absci did not immediately respond to an Endpoints News request for comment, but Absci confirmed the news in a press release on Monday morning.
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