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Absci Strengthens Clinical Leadership with Appointment of Ransi Somaratne, M.D., FACC, MBA as Chief Medical Officer
Globenewswire· 2026-03-03 13:00
Core Insights - Absci Corporation has appointed Dr. Ransi Somaratne as Chief Medical Officer to lead the clinical development of its AI-designed therapeutics pipeline, marking a significant step in the company's growth [1][3] - The company also announced the retirement of Professor Andreas Busch, who will continue to contribute as co-chair of Absci's Scientific Advisory Board [1][4] Group 1: Leadership Changes - Dr. Ransi Somaratne, previously Senior Vice President of Clinical Development at Vertex Pharmaceuticals, brings extensive experience in biopharmaceuticals to Absci [2][3] - Professor Andreas Busch, the current Chief Innovation Officer, will retire on March 31, 2026, after playing a crucial role in developing Absci's AI-designed therapeutics, particularly the ABS-201 program [4][5] Group 2: Clinical Development Focus - Dr. Somaratne will oversee the clinical development strategy for Absci's expanding pipeline, which includes the flagship ABS-201 program aimed at addressing significant unmet clinical needs [3][4] - The ABS-201 program is positioned as a groundbreaking innovation for hair regrowth and is also being explored as a potential treatment for endometriosis [5] Group 3: Company Overview - Absci is focused on advancing drug discovery through generative design, utilizing an Integrated Drug Creation™ platform that combines AI models with synthetic biology [5] - The company aims to create innovative therapeutics more rapidly, leveraging a continuous feedback loop between AI algorithms and wet lab validation [5]