GSK Launches Up-to-$43M AI-Focused Collaboration with Exscientia

06:38 EDT 5 Jul 2017 | Genetic Engineering News

GlaxoSmithKline (GSK) will use the artificial intelligence-enabled platform of Exscientia to develop new drugs, through a collaboration that could generate up to £33 million ($43 million) in milestone payments for the British AI-focused drug discovery and design company. GSK said it will use Exscientia’s platform to discover novel and selective small molecules for up to 10 disease-related targets, to be chosen by GSK across “multiple” therapeutic areas. Exscientia plans to apply big-data resources—from its medicinal chemistry and large-scale bio-assays, to its AI-driven algorithms—to design novel molecules with a single target each. Exscientia said it will receive research payments from GSK toward new discovery programs with nominated targets, with the goal of delivering pre-clinical candidates. Exscientia is also eligible for near-term payments tied to achieving lead and pre-clinical candidate milestones. If candidates for all 10 envisioned targets are advanced, Exscientia added, it will receive the £33 million ...

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GlaxoSmithKline is the third largest pharmaceutical company in the world, based on annual sales, which reached $37,134m in 2009. Spread over 100 countries, GSK employs 96,500 people, 13,000 of which are dedicated to research and development of the the ...

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