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The Inexorable Rise Of Exscientia

Financings Bring In Half a Billion Dollars

 
• By Kevin Grogan

The UK firm has not completed a clinical trial yet but having raised over $350m from its NASDAQ initial public offering and an extra $160m from a private placement, Exscientia's future looks extremely bright.

New York
Nasdaq listing will raise the visibility of Exscientia

The biotech sector is awash with cash and as Exscientia Ltd. closes its latest financing, it is clear that a good chunk of that money has landed in the coffers of the UK-based artificial intelligence-driven drug discoverer.

Exscientia, a University of Dundee spin-out founded in 2012, has just concluded its upsized initial public offering on the NASDAQ that raised gross proceeds of $350.4m, up from the original forecast of $304.7m

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