Novartis partners with Generate:Biomedicines for $1B+ to develop AI-driven protein therapeutics.

Novartis has partnered with Generate:Biomedicines to utilize its generative AI platform for developing protein therapeutics across various disease areas. This collaboration, valued at over $1 billion, includes an initial $65 million investment and milestone payments. The aim is to expedite and reduce costs in drug development by merging Generate's AI capabilities with Novartis' expertise, although specific therapeutic targets have not been disclosed.

September 24, 2024
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