Nvidia-backed Recursion hurts AI biotechs on mixed data for lead drug [Seeking Alpha]
Exscientia Plc - American Depositary Shares (EXAI)
Company Research
Source: Seeking Alpha
The trial targeting a neurocondition called cerebral cavernous malformation (CCM) met the primary endpoint of safety and tolerability after 12 months of therapy, Recursion ( RXRX ) said. However, the company added that while data for MRI-based secondary efficacy endpoints were promising, it has yet to see improvements in either patient—or physician-reported outcomes at that time point. In July 2023, Recursion ( RXRX ) sparked a rally in AI-driven biopharma stocks after winning a $50M investment from Nvidia ( NVDA However, in the wake of the readout, Recursion ( RXRX ) shares plunged ~11% , marking its biggest intraday loss in over two months, albeit on below-average volumes, while Nvidia ( NVDA fell ~8% Exscientia ( EXAI ), another AI-based biotech that Recursion ( RXRX ) agreed to acquire last month, lost ~9% Other AI-based drug developers, Absci ( ABSI ), AbCellera Biologics ( ABCL ), and Tempus AI ( TEM ), were also in the red, while Schrödinger ( SDGR ) and BioSig Techn
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News
- Recursion: AI Hype Fizzles Amid Hard Clinical Truths [Seeking Alpha]Seeking Alpha
- MIT Sloan CFO Summit Presents "The Intentional CFO: Innovative and Pragmatic" [Yahoo! Finance]Yahoo! Finance
- MIT Sloan CFO Summit Presents “The Intentional CFO: Innovative and Pragmatic”Business Wire
- Exscientia Plc (EXAI): A Penny Stock That Will Make You a Millionaire [Yahoo! Finance]Yahoo! Finance
- Exscientia to Present at the Morgan Stanley 22nd Annual Global Healthcare ConferenceBusiness Wire
EXAI
Earnings
- 8/15/24 - Miss
EXAI
Sec Filings
- 8/30/24 - Form 6-K/A
- 8/28/24 - Form 6-K
- 8/23/24 - Form 144
- EXAI's page on the SEC website