Bayer Enters AI Partnership With Exscientia for Cardiovascular, Oncology Drug Discovery
January 09 2020 - 8:07AM
Dow Jones News
By Kim Richters
Bayer AG (BAYN.XE) said Thursday that it has entered a research
collaboration with pharma-tech company Exscientia Ltd. to use
artificial intelligence in cardiovascular and oncology drug
discovery.
The German pharmaceutical and chemical giant said the companies
will focus on early-stage research and use artificial intelligence
to predict potential drug molecules, possibly accelerating drug
discovery.
"Exscientia's AI-driven drug discovery technology provides novel
chemical matter for difficult-to-address targets and could identify
novel drug candidates more efficiently through less optimization
cycles," Bayer said.
As part of the three-year agreement, the U.K.-based Exscientia
may get up to 240 million euros ($267.1 million) as well as sales
royalties, while Bayer will own the rights to lead structures
generated during the collaboration.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
January 09, 2020 07:52 ET (12:52 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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