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Recursion Pharmaceuticals | 8-K: Recursion Provides Business Updates and Reports Third Quarter 2024 Financial Results

Recursion Pharmaceuticals | 8-K: Recursion Provides Business Updates and Reports Third Quarter 2024 Financial Results

Recursion Pharmaceuticals | 8-K:Recursion提供業務更新並報告2024年第三季度財務業績
美股SEC公告 ·  2024/11/06 15:22

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Recursion reported Q3 2024 revenue of $26.1M, up from $10.5M YoY, driven by its Roche-Genentech partnership including a $30M fee for a neuroscience phenomap option. The company ended Q3 with $427.6M in cash. Net loss was $95.8M compared to $93.0M in Q3 2023, with R&D expenses increasing to $74.6M from $70.0M YoY.Multiple clinical milestones were achieved, including positive Phase 2 CCM trial data, first patient dosed in Phase 2 C. difficile trial, and IND clearance for Phase 1/2 trial in biomarker-enriched solid tumors. The company expanded its collaboration with Google Cloud to enhance its drug discovery platform capabilities.The proposed business combination with Exscientia continues to progress, with a special shareholder meeting scheduled for November 12, 2024 and expected scheme arrangement date of November 20, 2024. The merger aims to create an industry-leading technology-enabled small molecule discovery platform.
Recursion reported Q3 2024 revenue of $26.1M, up from $10.5M YoY, driven by its Roche-Genentech partnership including a $30M fee for a neuroscience phenomap option. The company ended Q3 with $427.6M in cash. Net loss was $95.8M compared to $93.0M in Q3 2023, with R&D expenses increasing to $74.6M from $70.0M YoY.Multiple clinical milestones were achieved, including positive Phase 2 CCM trial data, first patient dosed in Phase 2 C. difficile trial, and IND clearance for Phase 1/2 trial in biomarker-enriched solid tumors. The company expanded its collaboration with Google Cloud to enhance its drug discovery platform capabilities.The proposed business combination with Exscientia continues to progress, with a special shareholder meeting scheduled for November 12, 2024 and expected scheme arrangement date of November 20, 2024. The merger aims to create an industry-leading technology-enabled small molecule discovery platform.
Recursion報告了2024年第三季度營業收入爲2610萬,相較於去年同期的1050萬增長,主要受到與Roche-Genentech合作的推動,包括3000萬的神經科學表型選項費用。公司在第三季度結束時現金爲42760萬。淨虧損爲9580萬,相比於2023年第三季度的9300萬有所增加,研發費用也從7000萬增至7460萬。公司實現了多個臨牀里程碑,包括積極的第二階段CCm試驗數據、第二階段C. difficile試驗的首位患者給藥,以及在生物標誌物豐富的實體瘤中的一期/二期試驗的IND許可。公司擴大了與Google Cloud的合作,以增強其藥物發現平台的能力。與Exscientia的擬議業務合併仍在推進中,特別股東會議定於2024年11月12日召開,預計方案安排日期爲2024年11月20日。此次合併旨在創建一個行業領先的科技驅動小分子發現平台。
Recursion報告了2024年第三季度營業收入爲2610萬,相較於去年同期的1050萬增長,主要受到與Roche-Genentech合作的推動,包括3000萬的神經科學表型選項費用。公司在第三季度結束時現金爲42760萬。淨虧損爲9580萬,相比於2023年第三季度的9300萬有所增加,研發費用也從7000萬增至7460萬。公司實現了多個臨牀里程碑,包括積極的第二階段CCm試驗數據、第二階段C. difficile試驗的首位患者給藥,以及在生物標誌物豐富的實體瘤中的一期/二期試驗的IND許可。公司擴大了與Google Cloud的合作,以增強其藥物發現平台的能力。與Exscientia的擬議業務合併仍在推進中,特別股東會議定於2024年11月12日召開,預計方案安排日期爲2024年11月20日。此次合併旨在創建一個行業領先的科技驅動小分子發現平台。
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