SALT LAKE CITY, May 24, 2024 (GLOBE NEWSWIRE) -- Recursion (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to industrialize drug discovery, today announced that Robert Hershberg, M.D., Ph.D, has been appointed the new Chair of the Board of Recursion, effective at the end of this term, as Martin Chavez exits after more than four years of leadership. "I'm excited to bring my clinical and scientific expertise to support Recursion's growth as Chair of the Board," said Dr. Hershberg. "I ...

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Recursion Pharmaceuticals (RXRX) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this biotechnology company have returned +17.9%, compared to the Zacks S&P 500 composite's +6.1% change. During this period, the Zacks Medical - Drugs industry, which Recursion Pharmaceuticals falls in, has gained 7.1%. The key question now is: What could be the stock's futu ...

Financial Data and Key Metrics - The company ended Q1 with nearly $300 million in cash, providing a robust runway for future milestones [13] Business Line Data and Key Metrics - The company has multiple Phase 2 trial starts and readouts planned for 2024 and the next 18 months, with a roughly quarterly cadence [11] - The company has identified exciting targets in non-small cell lung cancer through its collaboration with Tempus and is integrating larger chunks of their data for broader pan-cancer causal AI models [12] - The company has sequenced its one millionth transcriptome and is leveraging this data to build a comprehensive transcriptomic map [6] Market Data and Key Metrics - The company is expanding internationally with the opening of a London office, aiming to tap into the computational biology talent pool in the UK [20][26] - The company has a strong presence in Salt Lake City, Toronto, Montreal, and San Jose, with plans for further international growth in the intermediate to long term [58][59] Company Strategy and Industry Competition - The company is focused on building a TechBio platform that integrates multiple layers of omics data, including phenomics, transcriptomics, proteomics, and enviromics, to drive drug discovery [6][43][44] - The company is leveraging active learning to optimize experimentation, achieving 80% of the information value with only 40% of the experiments [7] - The company has built a supercomputer, BioHive 2, in partnership with NVIDIA, which is one of the fastest in biopharma, enhancing its computational capabilities [9][45][46] - The company is collaborating with Roche-Genentech, Bayer, and Helix, with potential for additional partnerships in non-oncology areas like cardiovascular and metabolism [5][41][49][50] Management Commentary on Operating Environment and Future Outlook - The company believes it is uniquely positioned to lead the TechBio evolution, with a robust pipeline, platform, and team [34][39] - The company expects to demonstrate the potential of its drug discovery philosophy through a variety of catalysts in the coming quarters and years [48] - The company is moving towards autonomous discovery, where AI agents will automatically hypothesize about biology and prioritize experimentation for faster impact on patients [51] Other Important Information - The company has hired Najat Khan, a former J&J executive, as Chief R&D Officer and Chief Commercial Officer, bringing extensive experience in drug discovery and digital tools [10] - The company has announced a collaboration with Helix to access large-scale population genomics and transcriptomics data, which will be integrated with its internal data for broader disease understanding [5][42] - The company is exploring the use of organoids and steroids to improve translation and predictive ADME Tox at scale, and is working on automated synthesis to accelerate small molecule development [52] Summary of Q&A Session Question: What does success look like for upcoming Phase 2 trial readouts? - Success will be measured by meaningful biological changes that benefit patients, with next steps including aggressive pursuit of moving medicines to patients, potentially moving to Phase 3 trials or discussions about accelerated approval [14][15][16] Question: How significant is the Phase 2 readout for REC-994 in validating the platform? - The Phase 2 readout for REC-994 is a key milestone, but the company emphasizes that each program is technically uncorrelated, with successes and failures expected across the pipeline [55][56] Question: What success has been achieved with Tempus data? - The company has already identified a novel opportunity in non-small cell lung cancer using Tempus data and is refining its AI models to integrate this data with proprietary data for target identification [19][57] Question: Why is the company opening a London office? - The London office is aimed at accelerating computational biology talent acquisition, leveraging the UK's strong training in data science and biology [20][26][58] Question: How does the company view competition from Xaira? - The company welcomes competition and collaboration, believing that the primary bottleneck in TechBio is data, and that companies with high-quality datasets will make rapid progress [27][60] Question: Will the company help labs working on ultra-rare diseases like Batten disease? - The company is open to working with patient groups and labs on rare diseases, leveraging its biological maps to advance programs, though immediate solutions may not be available [21][28][61] Question: What are the next big pieces needed for faster drug discovery? - The company believes that deep, broad datasets are critical for understanding biology and accelerating drug discovery, with a focus on integrating multiple omics layers and technologies [29][62][63]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40323 RECURSION PHARMACEUTICALS, INC. (Exact name of registrant as specified in its charter) Delaware 46-4099738 (State or othe ...

Decoding Biology To Radically Improve Lives May 2024 Disclaimers This presentation and any accompanying discussion and documents contain information that includes or is based upon "forward-looking statements" within the meaning of the Securaintide su Lnciteigrtaatiinotnie Rs,e afnodrm m Aayc tn ooft 1o9c9cu5r. Tash eascetu faolr rweasurdlt-sl ocookuilndg d sitfafeterm meanttesr iaarlely b aansedd a odnv eorusre lcyu frrroenmt ethxopseec taanttiiocnips,a etesdti mora itmesp alniedd pirno tjheec tfioonrws aar ...

Washington, D.C. 20549 FORM 10-K (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40323 Recursion Pharmaceuticals, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpo ...

Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) Q4 2023 Earnings Conference Call February 27, 2024 5:00 PM ET Company Participants Chris Gibson - Co-Founder and CEO Conference Call Participants Morgan Brennan - CNBC Alec Stranahan - Bank of America Eric Joseph - JPMorgan Chris Gibson Hi, everybody. I’m Chris Gibson, Co-Founder and CEO of Recursion, and I am really excited to welcome you to our first ever Learnings Call here at Recursion. So what is a learnings call and why are we starting this practice now? A ...

Q Recursion. certain information contained in this presentation relates to or is based on studies, publications, surveys and other data obtained from thir. company's own internal estimates and research. While the company believes these third-party sources to be reliable as of this p ndependently verified, and makes no representation as to the adequacy, fairness, accuracy or completeness of, any information obtained f ddition, all of the market data included in this presentation involves a number of assumpti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40323 RECURSION PHARMACEUTICALS, INC. (Exact name of registrant as specified in its charter) Delaware 46-4099738 (State or ...