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Pharma Tech Outlook | Monday, October 25, 2021
Absci and EQRx collaborate to advance next-generation protein-based therapies at lower costs for patients.
FREMONT, CA: “This collaboration with EQRx expands the reach of our AI-powered target discovery, drug design and development technology. Together, we look forward to discovering differentiated next-generation biologics, driving efficiencies, and accelerating timelines so that our future medicines can have the biggest possible impact for patients in need,” states Sean McClain, Founder and CEO of Absci. Absci Corporation and EQRx officially reveal a discovery collaboration. Absci Corporation is a drug and target discovery company that uses deep learning AI and synthetic biology to expand the therapeutic potential of proteins, and EQRx, a new type of pharmaceutical company committed to developing and delivering essential new medicines to patients at radically lower prices.
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“Abscis technology platform enables rapid discovery and production of well-differentiated protein-based drugs that are elusive to other discovery approaches,” said Carlos Garcia-Echeverria, Ph.D., chief of Rx creation at EQRx.” We are excited to work with Absci towards our goal of providing innovative, cost-effective treatment options for patients.”
The collaboration will use Abscis Drug Creation technology for discovery and development, as well as EQRx clinical development and commercial capabilities, to produce next-generation protein-based therapies at lower costs for patients. EQRx and Absci will work together to engineer and develop many clinical candidates in oncology and immunology, among other therapeutic areas. Absci has the option of making extra investments at various phases of development in exchange for a higher percentage of product sales.
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