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| Nasdaq: RXRX | |
| Founded | 2013  |
| Headquarters | |
Recursion Pharmaceuticals is a clinical-stage biotechnology company that focuses on mapping and decoding biology by integrating technological innovations across biology, chemistry, automation, data science, and engineering. [1] [2] [3]
The company is based in Salt Lake City, Utah. It was founded by Chris Gibson, Dean Li and Blake Borgeson. [4] [5]
In January 2014, the company moved its operations from Dean Li’s lab at the University of Utah to its first facility, and later into the University of Utah Research Park. [6] [7] In 2018 Recursion moved into its current location at the Gateway downtown. [8] [9] Recursion maintains this facility as well as a satellite office within London, San Francisco Bay Area, Mila (research institute), Toronto and the Quebec Artificial Intelligence Institute, in Montreal. [10] [11]
In August 2024, the company acquired UK-based biotechnology company Exscientia for $688 million. [12] [13]
By 2015, Recursion had closed its Series A round of funding and signed a research agreement with Sanofi Genzyme. [14] In 2020, the company received $50 million equity investment from Bayer during its Series D funding round. [15] [16]
The company listed on the Nasdaq Stock Exchange on April 20, 2021 under the ticker symbol RXRX. [17] [18] In November 2021, Recursion signed a $12 billion partnership deal with Roche and its subsidiary Genentech to advance therapies in neuroscience among other things. [19] [20] [21]
In September 2020, Recursion and Bayer announced their strategic collaboration agreement to discover and develop treatments for fibrotic diseases. [22] In 2023, they announced another partnership focusing on oncology research. [23]
In May 2023, Recursion acquired two companies in the AI-enabled drug discovery space, Toronto-headquartered Cyclica and Montreal-based Valence. [24] [25]
In July 2023, the company announced a collaboration and $50M investment from NVIDIA to accelerate the development of its AI foundation models for biology and chemistry, and potentially leverage NVIDIA cloud services as its means of distribution. [26] [3]
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