(24/7 MARKET NEWS) – Exscientia plc (NASDAQ:EXAI) introduced a new collaboration with Merck KGaA, Darmstadt, Germany focused on the discovery of novel small molecule drug candidates across oncology, neuroinflammation and immunology, utilizing Exscientia’s AI-driven precision drug design and discovery capabilities while leveraging Merck KGaA’s disease expertise in oncology and neuroinflammation, clinical development capabilities and global footprint.
Exscientia is eligible to receive up to $674 million in discovery, development, regulatory and sales-based milestones for three projects, in addition to single to double digit royalty payments on net sales, as well as up to $113 million in potential milestone payments in the discovery phase, with $20 million upfront at initiation for three projects.
Exscientia is trading at $$6.45, up $1.39 (+27.47%), on 2.26M premarket shares traded.
Its 52-week range is $4.09 to $11.52. Today’s trading volume should easily set a new 52-week benchmark and it looks like it should challenge the $7 resistance level.
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