This year, there has been an increased focus on using AI in drug discovery among other applications. Image Credit: Michael Vi / Shutterstock.

NVIDIA has announced a $50m private investment in public equity in tech-focused Recursion Pharmaceuticals to create artificial intelligence (AI)-assisted drug discovery models, sending Recursion’s stock to skyrocket.

This investment and partnership news was followed by a 116 % rise in Recursion’s stock price when markets opened on 12 July, compared to the previous day.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The investment is accompanied by plans for collaboration to distribute these using NVIDIA cloud services and follows the strategic acquisition of Cyclica and Valence to enhance Recursion’s machine-learning and AI capabilities.

This year, there has been an increased focus on using AI in drug discovery among other applications. Several companies have touted their reliance on AI, with Insilico Medicine’s AI-discovered drug for idiopathic pulmonary fibrosis starting its Phase II trial. GlobalData analysts have identified more than 250 unique active drugs using terms such as “AI” or “machine learning” in their drug description in 2022, but observe that the use of AI in drug discovery is still in its infancy and is expected to mature in the coming years.

GlobalData is the parent company of Pharmaceutical Technology.

See Also:

Recursion plans to capitalise on this increased focus on AI and create and commercialise drug discovery models using BioNeMo, NVIDIA’s generative AI in drug discovery cloud service platform. The models will be trained on Recursion proprietary dataset using NVIDIA’s technology and expertise. These models will be used by Recursion internally and will be marketed on BioNeMo.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Recursion CEO Chris Gibson said: “With our powerful dataset and NVIDIA’s accelerated computing capabilities, we intend to create groundbreaking foundation models in biology and chemistry at a scale, unlike anything that has ever been released in the biological space.”

NVIDIA CEO Jensen Huang said: “Generative AI is a revolutionary tool to discover new medicines and treatment.”

Multiple partnerships between tech and pharmaceutical companies for using AI in drug development have been announced last year, including a partnership between Novo Nordisk and Microsoft to generate new scientific insights and create forecast models of atherosclerosis development risk.