Alnylam inks up to $2 billion AI partnership with Inceptive Nucleics for RNAi drug discovery
read at STAT ↗DealPositive
Alnylam announced a three-year strategic collaboration with Inceptive Nucleics to develop AI foundation models for RNAi therapeutics.
The agreement is valued at up to $2 billion, with an initial $30 million paid in cash and equity to the startup.
Future payments will be tied to the co-discovered drugs reaching preclinical, regulatory and commercial milestones.
The partnership leverages Inceptive’s reusable AI models, built by former Google Brain researcher Jakob Uszkoreit, to accelerate sequence-based drug design.
source
This writeup was produced by pharmadog from original reporting by STAT.
Original headline: “STAT+: Alnylam to partner with Inceptive Nucleics for AI foundation models for RNAi therapeutics”
read at STAT ↗516 words · retrieved Jun 3
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