Recursion receives industry awards for drug discovery platform
Computationally intelligent drug discovery platform receives two Fierce Innovation awards for Biotech Innovation and Best New Product.
Recursion Pharmaceuticals announced has won two Fierce Innovation awards from the biotech and pharmaceutical industries for its innovative platform. The awards, ‘Best Biotech Innovation’ and ‘Best In Show - New Product or Service,’ recognize Recursion’s disruptive combination of experimental biology and artificial intelligence applied to drug discovery.
“We are pleased to be recognized as industry-leading innovators by our distinguished peers,” said Chris Gibson, co-founder and CEO of Recursion. “Our platform represents a different approach to drug discovery - a true merging of biology and technology.”
“Traditional drug discovery can take more than a decade and billions of dollars per approved compound,” Gibson continued. “Recursion’s platform can radically increase the scale at which drugs are discovered, saving years of development time and the associated costs.”
The Fierce Innovation Awards: Life Sciences Edition is an awards program from the publisher of FierceBiotech and FiercePharma. Recursion’s computationally intelligent platform was recognized for its ability to span the life science industry, from drug screening to target identification to compound intelligence.
“Because we model diseases and conditions in human cells, our platform can be deployed across nearly any aspect of human cellular biology,” said Gibson. “Drug discovery is the first and most advanced of Recursion’s real-world applications.”
In less than a year, Recursion has screened hundreds of disease models and identified more than twelve compounds across seven disease states that show sufficient potential to advance to preclinical development.
Fierce Innovation award applications are reviewed by an exclusive panel of executives from Medidata, PwC, Verily, Otsuka Pharmaceuticals, Amgen and more.
Judges based their decision on effectiveness, technical innovation, competitive advantage, financial impact and true innovation. Recursion’s platform was selected from among five finalists in Biotech Innovation by championing innovation in the face of great competition, with forward thinking and the greatest potential to have the biggest impact on the industry. Recursion was a finalist alongside such outstanding innovators as Bicycle Therapeutics, Humacyte, Covance, LexisNexis, The Michael J Fox Foundation, and Bayer AG + Facebook.
Related News
-
News Ophthalmologic drug product Eylea faces biosimilar threats after FDA approvals
Regeneron Pharmaceutical’s blockbuster ophthalmology drug Eylea is facing biosimilar competition as the US FDA approves Biocon’s Yesafili and Samsung Bioepis/Biogen’s Opuviz. -
News ONO Pharmaceutical expands oncology portfolio with acquisition of Deciphera
ONO Pharmaceutical, out of Japan, is in the process of acquiring cancer-therapy maker Deciphera Pharmaceuticals for US$2.4 billion. -
News First offers for pharma from Medicare drug price negotiations
Ten high-cost drugs from various pharma manufacturers are in pricing negotiations in a first-ever for the US Medicare program. President Biden’s administration stated they have responded to the first round of offers. -
News Eli Lilly’s Zepbound makes leaps and bounds in weight-loss drug market
In the last week, Eli Lilly has announced their partnership with Amazon.com’s pharmacy unit to deliver prescriptions of Zepbound. Zepbound has also surpassed Novo Nordisk’s Wegovy for the number of prescriptions for the week of March 8.&nbs... -
News Chasing new frontiers at LEAP – The National Biotechnology Strategy Keynote
On the third day of LEAP (4–7 March 2024, Riyadh Exhibition and Convention Centre, Malham, Saudi Arabia) the CPHI Middle East team hosted the Future Pharma Forum, to set the scene for an exciting new event for the pharma community, coming to Riya... -
News Pfizer maps out plans for developing new oncology therapeutics by 2030
Pfizer dilvulges plans to investors around growing their cancer portfolio, and the drugs they will be focusing on developing after their aquisition of Seagen in 2023. -
News Generics threat to Merck’s Bridion as Hikma seeks pre-patent expiry approval
Merck has disclosed they received notice from Hikma Pharmaceuticals for seeking a pre-patent expiry US FDA approval for Hikma’s generic version of Merck’s Bridion. -
News Bernie Sanders vs Big Pharma - the latest on drug price negotiations
In a hearing in front of the US Senate, three of the biggest pharmaceutical companies in America are challenged over exorbitant prescription drug prices, with Sanders claiming their actions are limiting the population's access to affordable healthc...
Position your company at the heart of the global Pharma industry with a CPHI Online membership
-
Your products and solutions visible to thousands of visitors within the largest Pharma marketplace
-
Generate high-quality, engaged leads for your business, all year round
-
Promote your business as the industry’s thought-leader by hosting your reports, brochures and videos within your profile
-
Your company’s profile boosted at all participating CPHI events
-
An easy-to-use platform with a detailed dashboard showing your leads and performance