Recursion Pharmaceuticals

Recursion Pharmaceuticals, Inc. is a clinical-stage biotechnology company that combines automation, artificial intelligence, machine learning, and in vivo validation capabilities to discover novel medicines. Its Recursion operating system enables advanced machine learning approaches to reveal drug candidates, mechanisms of action, novel chemistry, and potential toxicity, with the eventual goal of decoding biology and advancing new therapeutics that radically improve people's lives. The company was founded by Blake Borgeson, Christopher C. Gibson, and Dean Y. Li on November 5, 2013 and is headquartered in Salt Lake City, UT.

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NVIDIA

Nvidia's investment in Recursion caused its stock price to jump dramatically on Tuesday.

Nvidia Just Invested in This Pharmaceutical Company, Causing Its Stock Price to Skyrocket

Confirming the ongoing fervor for all things artificial intelligence (AI), shares of biotechnology firm Recursion Pharmaceuticals (NASDAQ: RXRX ) are soaring on Wednesday. What has catalyzed the massive double-digit swing for RXRX stock?

RXRX Stock: Nvidia Investment Sends Recursion Pharmaceuticals Soaring

Recursion Pharmaceuticals stock soared as much as 121% on Wednesday after it received an investment from Nvidia. Nvidia said it would invest $50 million in the company as it works to use AI for drug discovery.

Recursion Pharmaceuticals soars 121% after Nvidia invests $50 million in the biotech for AI drug discovery

Nvidia is investing in Recursion, which uses AI models to identify new therapies and offers those models to its partners, including Roche and Bayer.

Nvidia invests $50 million in biotech company Recursion for AI drug discovery

Recursion Pharmaceuticals Inc. RXRX, +75.96% shares soared Wednesday after the drug developer said that graphics processing unit maker Nvidia Corp. NVDA, +2.54% invested $50 million in the company to boost drug discovery efforts using artificial intelligence. Recursion shares surged as much as 120% to an intraday high of $14.99, and were last up 64% at $11.11 in morning trading.

Recursion Pharmaceuticals stock soars following $50 million investment from AI chipmaker Nvidia

Recursion focuses on drug discovery through machine learning. The company has nine programs in its pipeline.

Why Shares of Recursion Pharmaceuticals Are Skyrocketing Wednesday

Recursion Pharmaceuticals Inc shares surged 64% to $11.09 in late-morning trading on Wednesday after NVIDIA Corp announced it is making a $50 million investment to accelerate training of the biotech company's artificial intelligence (AI) models for drug discovery. Recursion stated that it will train AI models on NVIDIA's cloud platform using its own biological and chemical datasets exceeding 23,000 terabytes, which it can then potentially license out to biotech firms via BioNeMo, a generative AI cloud service for drug discovery that NVIDIA launched earlier this year, Reuters reported.

Recursion Pharmaceuticals stock soars on NVIDIA investment in AI

Recursion Pharmaceuticals stock has gained more than 150%.

Nvidia Invests $50 Million in Biotech Company For AI Drug Discovery

Nvidia invested $50 million to speed up training of biotech firm Recursion's artificial intelligence models for drug discovery, which the chip designer can then potentially license out, the companies said on Wednesday.

Nvidia invests $50 mln in Recursion to train AI models for drug discovery

Companies to collaborate on software for biotech and pharmaceutical companies to create improved patient treatments faster Companies to collaborate on software for biotech and pharmaceutical companies to create improved patient treatments faster

Recursion Announces Collaboration and $50 Million Investment from NVIDIA to Accelerate Groundbreaking Foundation Models in AI-Enabled Drug Discovery

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TORONTO, June 26, 2023 (GLOBE NEWSWIRE) -- Recursion (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to industrialize drug discovery, today celebrated the opening of its 28,000 square foot Toronto site, which will serve as the headquarters for Recursion Canada. The new site represents Recursion's significant growth in Canada and its continued investment in the local economy. In total, Recursion currently employs approximately 100 highly skilled employees in Canada, and the Toronto site is Recursion's largest site outside of its global headquarters in Salt Lake City, Utah.

Recursion Celebrates Opening of Its Canadian Headquarters in Toronto with Government Officials and the Biotech Ecosystem

Recursion's (RXRX) shares rise as it completes patient enrollment for a mid-stage study of REC-994 to treat cerebral cavernous malformations.

Recursion (RXRX) Up on Completing REC-994 Study Enrollment

Recursion Pharmaceuticals presents a compelling investment opportunity due to its AI-driven drug discovery platform, solid financials, and diverse pipeline, setting it apart from competitors like AstraZeneca, Novartis, Roche, and Biogen. The company's Q1 2023 revenue saw a 128% increase YoY, and it recently acquired AI-powered drug discovery leaders Cyclica and Valence to enhance its technological capabilities and establish an unparalleled drug discovery solution. Despite potential challenges and risks associated with their drug mechanisms, Recursion's AI-driven approach and targeted pipeline offer unique advantages over competitors, positioning it as a strong contender in the biotechnology sector.

Recursion Pharmaceuticals: Unlocking The Future Of Biotech With AI-Powered Drug Discovery

Recursion's small molecule is the first therapeutic candidate to be advanced to an industry-sponsored Phase 2 clinical trial for cerebral cavernous malformation (CCM). CCM is a devastating neurovascular disease with approximately 360,000 symptomatic patients in the United States and EU5. Recursion's small molecule is the first therapeutic candidate to be advanced to an industry-sponsored Phase 2 clinical trial for cerebral cavernous malformation (CCM). CCM is a devastating neurovascular disease with approximately 360,000 symptomatic patients in the United States and EU5.

Recursion's Phase 2 Trial for the Treatment of Cerebral Cavernous Malformation has Fully Enrolled

Recursion Pharmaceuticals just acquired a pair of AI-related biotechs. This could bolster its drug discovery capabilities and better help its clients.

Recursion Pharmaceuticals Is Going Big on AI. Here's Why It Could Be Worth Buying

Altitude's new facility will be housed within Recursion's expanded headquarters and will promote increased collaboration in Downtown Salt Lake City's rapidly growing biotech innovation ecosystem. Altitude's new facility will be housed within Recursion's expanded headquarters and will promote increased collaboration in Downtown Salt Lake City's rapidly growing biotech innovation ecosystem.

Altitude Lab Relocates to Gateway's BioHive Hub

SALT LAKE CITY, May 16, 2023 (GLOBE NEWSWIRE) -- Recursion (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to industrialize drug discovery, today announced it has appointed David Mauro, M.D., Ph.D, as its Chief Medical Officer. Dr. Mauro will lead Recursion's pipeline into and through clinical development, including its five programs currently in the clinic, beginning June 1.

Recursion Appoints David Mauro, M.D., Ph.D., as Chief Medical Officer

Recursion Pharmaceuticals (RXRX) came out with a quarterly loss of $0.34 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.33 per share a year ago.

Recursion Pharmaceuticals (RXRX) Reports Q1 Loss, Lags Revenue Estimates

SALT LAKE CITY, May 08, 2023 (GLOBE NEWSWIRE) -- Recursion (Nasdaq: RXRX), a clinical stage TechBio company leading the space by decoding biology to industrialize drug discovery, today reported business updates and financial results for its first quarter ending March 31, 2023.

Recursion Provides Business Updates and Reports First Quarter 2023 Financial Results

SALT LAKE CITY and TORONTO and MONTRÉAL, May 08, 2023 (GLOBE NEWSWIRE) -- Recursion (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to industrialize drug discovery, today announced it has signed agreements to acquire two companies in the AI-enabled drug discovery space: Cyclica and Valence .

Recursion Enters into Agreements to Acquire Cyclica and Valence to Bolster Chemistry and Generative AI Capabilities

Highlights include the company's significant progress in 2022 to create a more sustainable R&D model and advance potential new medicines to patients Highlights include the company's significant progress in 2022 to create a more sustainable R&D model and advance potential new medicines to patients

Recursion Publishes Second Annual Environmental, Social and Governance Report

Recursion Pharmaceuticals (RXRX) delivered earnings and revenue surprises of -106.67% and 79.49%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Recursion Pharmaceuticals (RXRX) Reports Q4 Loss, Misses Revenue Estimates

SALT LAKE CITY, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Recursion (Nasdaq: RXRX), a clinical stage TechBio company leading the space by decoding biology to industrialize drug discovery, today reported business updates and financial results for its fourth quarter and fiscal year ending December 31, 2022.

News for Recursion Pharmaceuticals Stock (RXRX)