Pharma BD Deal Intelligence

Bayer AG / Recursion Pharmaceuticals, Inc.

2020 · Co-Development · $1.1B · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Sep 09, 2020 BioPharma Dive Bullish

Recursion Pharmaceuticals will work with Bayer to develop new drugs for fibrotic diseases under a deal that brings the AI-driven biotech 30 million dollars…

Sep 09, 2020 Reuters Bullish

Bayer has signed a research collaboration with U.S. biotech Recursion Pharmaceuticals to develop new treatments for fibrotic diseases, with payments…

Sep 10, 2020 Fierce Pharma Bullish

Bayer is making a 1 billion dollar bet on Recursion Pharmaceuticals' AI/ML phenomics drug discovery platform to advance multiple fibrosis programs across lung,…

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Bayer and Recursion entered a strategic collaboration leveraging Recursion's AI-driven phenomics drug discovery platform to develop new therapies for fibrosis (lung, kidney, heart). Recursion received $30M upfront from Bayer; Leaps by Bayer led a $50M Series D investment. Up to ten programs with $100M+ in milestones each plus royalties. Total potential value ~$1.1B+.

Key facts

Related deals — scored

DealYearValueOutcome
Bayer AG / Recursion Pharmaceuticals, Inc. (this deal)2020$1.1B
Bayer AG / Schering AG2006$21.5B79
Bayer AG / BlueRock Therapeutics2002$600M79
Bayer AG / Merck & Co., Inc.2014$14.2B71
Bayer AG / Schering AG (residual squeeze-out)2007$985M69
Bayer AG / Arvinas, Inc.2019$1.0B59
Bayer AG / Merck & Co. Inc.2014$14.2B56

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