BioPharmaTrend
Latest News
All Topics
  • Artificial Intelligence
  • NeuroTech
  • Premium Content
  • Knowledge Center
Interviews
Companies
  • Company Directory
  • Sponsored Case Studies
  • Create Company Profile
More
  • About Us
  • Our Team
  • Advisory Board
  • Citations and Press Coverage
  • Partner Events Calendar
  • Advertise with Us
  • Write for Us
Subscribe
Login/Join

  Latest News

Recursion Pharmaceuticals Receives FDA Clearance for AI-Discovered Cancer Drug Trial

by Roman Kasianov   •   Oct. 11, 2024  

Disclaimer: All opinions expressed by Contributors are their own and do not represent those of their employers, or BiopharmaTrend.com.
Contributors are fully responsible for assuring they own any required copyright for any content they submit to BiopharmaTrend.com. This website and its owners shall not be liable for neither information and content submitted for publication by Contributors, nor its accuracy.

# Clinical Trials   
Share:   Share in LinkedIn  Share in Bluesky  Share in Reddit  Share in Hacker News  Share in X  Share in Facebook  Send by email

Recursion Pharmaceuticals announced that it has received FDA clearance to begin clinical trials for REC-1245, an investigational drug targeting solid tumors and lymphoma. The company, known for its AI-enabled drug discovery platform, was able to progress from identifying a biological target to regulatory approval in under 18 months.

#advertisement
AI in Drug Discovery Report 2025

The clearance allows Recursion to initiate a phase 1/2 trial, which will evaluate the safety and tolerability of REC-1245 in patients with cancers such as ovarian, prostate, breast, and pancreatic cancer. The trial is scheduled to begin in the fourth quarter of this year, with the company expecting to complete the initial dose-escalation phase by the end of 2025.

REC-1245 targets the protein RBM39, which is functionally similar to CDK12—a well-studied but difficult-to-target biomarker. Recursion’s platform used large datasets and AI algorithms to pinpoint RBM39 as a viable target for a range of advanced cancers. According to CEO Chris Gibson, this trial is the first to fully utilize Recursion's integrated AI tools.

The biotech sector has been watching to see whether AI-based drug discovery can actually live up to its promises of speed and efficiency. Recursion’s announcement provides a real-world example, but the company still needs to demonstrate clinical success to validate its approach.

The company’s stock, however, has struggled this year, dropping 38% in 2024. Despite this decline, analysts maintain a mix of hold and buy ratings for the stock, with an average price target of $10.14, suggesting a potential 64% upside. Recursion’s investor base includes Nvidia, a company that has been increasingly active in supporting AI initiatives across industries.

In a strategic move to strengthen its AI capabilities, Recursion plans to merge with Exscientia, another AI-focused drug discovery company, early next year. The merger aims to consolidate resources and expand data access, which the company hopes will enhance its drug development processes.

Topics: Clinical Trials   

Share:   Share in LinkedIn  Share in Bluesky  Share in Reddit  Share in Hacker News  Share in X  Share in Facebook  Send by email
#advertisement
ThermoFisher Scientific: Integrated genetic technologies for cell therapy development
#advertisement
Webinar: AI in Clinical Trials

BiopharmaTrend.com

Where Tech Meets Bio
mail  Newsletter
in  LinkedIn
x  X
gnews  Google News
rss  RSS Feed

About


  • What we do
  • Citations and Press Coverage
  • Terms of Use
  • Privacy Policy
  • Disclaimer

We Offer


  • Premium Content
  • BioTech Scout
  • Interviews
  • Partner Events
  • Case Studies

Opportunities


  • Membership
  • Advertise
  • Submit Company
  • Write for Us
  • Contact Us

© BPT Analytics LTD 2025
We use cookies to personalise content and to analyse our traffic. You consent to our cookies if you continue to use our website. Read more details in our cookies policy.