FierceBiotech recognizes Recursion as the #2 Biotech IPO of 2021!
March 24, 2022
Recursion dazzled investors with a tantalizing pitch: We are a biotech scaling more like a tech company.
The potential to boost the scale and efficiency of drug development by automating wet labs and applying machine learning to the resulting data led investors to hand Recursion $502 million to take four drugs into phase 2 and advance six other programs up to the cusp of the clinic.
The company has advanced its internal pipeline while continuing business development activities.
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