Pharma BD Deal Intelligence

Sanofi SA / Exscientia plc

2022 · Co-Development · $5.3B · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jan 07, 2022 BioPharma Dive Bullish

Sanofi is paying $100 million upfront for an artificial intelligence-driven drug discovery deal with Exscientia that could be worth up to $5.3 billion, the…

Jan 07, 2022 Fierce Pharma Bullish

Sanofi and U.K.-based Exscientia are extending their AI-drug-discovery partnership in a deal worth up to $5.3 billion to develop as many as 15 small-molecule…

Feb 05, 2024 Endpoints News Bearish

Exscientia is restructuring and cutting roughly a quarter of its workforce as it prioritizes its highest-conviction wholly-owned oncology programs and slows…

Source summaries from our enrichment pipeline; follow links for originals.

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Sanofi and Exscientia announced a strategic research collaboration and license agreement on January 7, 2022 to develop up to 15 novel small molecule candidates across oncology and immunology, leveraging Exscientia's end-to-end AI-driven platform using actual patient samples. Exscientia received $100M upfront, with up to ~$5.2B in additional milestones plus tiered royalties. Since then the relationship has materially evolved: Exscientia plc was acquired by Recursion Pharmaceuticals (Nasdaq: RXRX) in an all-stock business combination completed November 20, 2024 (Exscientia became a wholly owned subsidiary and its EXAI ADSs were delisted from Nasdaq), so the Sanofi collaboration is now executed by Recursion. The partnership was not terminated and continues to advance: as of Q2 2025, Recursion reported a multi-target collaboration for up to 15 best-in-class or first-in-class programs across oncology and immunology with $130 million in upfront and milestone payments achieved to date (including a $7M immunology milestone in 2Q 2025), with each program carrying potential for over $300 million in additional milestone payments.

Key facts

Related deals — scored

DealYearValueOutcome
Sanofi SA / Exscientia plc (this deal)2022$5.3B
Sanofi SA / Regeneron Pharmaceuticals, Inc.2007$1.0B97
Sanofi SA / Synthelabo S.A.1998$11.0B84
Sanofi SA / Genzyme Corporation2011$20.1B84
Sanofi SA / Amunix Pharmaceuticals Inc.2021$1.2B76
Sanofi SA / Genzyme Corporation2010$18.5B75
Sanofi SA / Translate Bio Inc.2018$805M73

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