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BenevolentAI Slashes Jobs And Drug Programs

180 Staff To Leave

 
• By Kevin Grogan

The UK firm, which uses artificial intelligence to discover and develop drugs, is hoping to save £45m by halving its workforce and trimming its pipeline.

Benevolent
• Source: BenevolentAI

In these straitened times for biotechs, and on the back of a mid-stage failure of its lead drug for atopic dermatitis, artificial intelligence drug discovery and developer BenevolentAI Limited of the UK is drastically cutting staff numbers and R&D projects to get costs back under control.

The London-headquartered company which is listed on the Euronext exchange in Amsterdam and has a research facility in Cambridge, UK,...

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