RXRX Recursion Pharmaceuticals Inc.

30.44
-0.91  -3%
Previous Close 31.35
Open 31.2
52 Week Low 19.68
52 Week High 42.81
Market Cap $5,123,683,478
Shares 168,320,745
Float 115,393,314
Enterprise Value $4,909,981,610
Volume 225,213
Av. Daily Volume 413,341
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Drug Pipeline

Drug Stage Notes
REC-994
Cerebral Cavernous Malformation
Phase 1
Phase 1
Phase 2 trial to be initiated in 2022.
REC-2282
Neurofibromatosis Type 2
Phase 2/3
Phase 2/3
Phase 2/3 trial to be initiated in 2022.
REC-3599
GM2 Gangliosidosis
Phase 2
Phase 2
Phase 2 trial to be initiated in 2022.
REC-4881
Familial Adenomatous Polyposis
Phase 1
Phase 1
Phase 2 trial to be initiated in 2022.

Latest News

  1. SALT LAKE CITY, July 13, 2021 /PRNewswire/ -- Recursion (NASDAQ:RXRX), a clinical-stage biotechnology company decoding biology by integrating technological innovations across biology, chemistry, automation, machine learning and engineering, today announced its formation of a Therapeutics Advisory Board (TAB), chaired by Joseph Miletich, MD, PhD. The TAB will guide Recursion's executive team and Board of Directors on the key challenge of developing medicines at scale from its tech-enabled drug discovery pipeline and bringing them to the patients who need them the most.

    Most recently, Dr. Miletich was Merck Research Laboratories' senior vice president of research sciences and is currently senior scientific advisor to Merck's CEO. Prior to his last 6+ years at Merck Research Laboratories, Dr. Miletich served as senior vice president of research and development at Amgen.  

    "I am so delighted for our team to be working with and learning from one of the industry's most compelling scientists," said Recursion Co-Founder & CEO Chris Gibson, PhD. "Joe brings decades of experience identifying and advancing potential new medicines into and through development, but also a learner's mindset and a broad appreciation for the potential of innovative new approaches, including technology-enabled discovery, to revolutionize the pace, scale and likelihoods of success of our industry."

    "This is both a critical and an opportune time to adapt the discovery and development of new therapeutics to capitalize on what has become possible, while retaining knowledge of what is useful and necessary," said Joe Miletich, MD, PhD. "Leveraging technology the team has developed to date, Recursion is well-positioned to make substantive contributions to our collective understanding of human pathobiology and how best to modulate it to improve human health. I am excited to join Chris and his team on that journey."

    According to Dr. Miletich, one reason he transitioned from a life in academia to developing therapeutics was the opportunity to bring treatments to patients without the unconscious bias sometimes intertwined in academic research. At Recursion, he will help drive its programs discovered through the Recursion OS, which uses machine learning tools to explore foundational biology unconstrained by human bias, through clinical development. Dr. Miletich's decades of industry-leading drug hunting, combined with his innovative outlook on tech-enabled drug discovery, will lead Recursion's TAB in helping guide the company's therapeutic development.

    Learn more about Recursion and view its pipeline at Recursion.com/pipeline.

    About Recursion

    Recursion is a clinical-stage biotechnology company decoding biology by integrating technological innovations across biology, chemistry, automation, machine learning and engineering. Our goal is to radically improve the lives of patients and industrialize drug discovery. Central to our mission is the Recursion Operating System, which combines an advanced infrastructure layer to generate what we believe is one of the world's largest and fastest-growing proprietary biological and chemical datasets. We combine that with the Recursion Map, a suite of custom software, algorithms and machine learning tools that we use to explore foundational biology unconstrained by human bias and navigate to new biological insights. Learn more at www.Recursion.com, or connect on Twitter and LinkedIn.

    Press Contact

    Elyse Freeman - Senior Communications and Content Manager

    Investor Relations Contact

    Forward-Looking Statements

    This press release contains information that includes or is based upon "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995. Forward-looking statements provide our expectations or forecasts regarding future events. You can identify these statements by the fact they do not relate strictly to historical or current facts. They may use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other terms of similar meaning in connection with a discussion of future operating or financial performance. In particular, forward-looking statements include statements relating to intended future actions; plans with respect to clinical trials and preclinical activities; prospective products or product approvals; future performance or results of anticipated products or technology; expenses; our ability to obtain, maintain and enforce intellectual property protections and financial results; in addition to other topics. Any or all of our forward-looking statements here or elsewhere may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements and from expected or historical results. Many such factors will be important in determining our actual future results. Consequently, no forward-looking statement can be guaranteed. In particular, you should read the discussion in the "Risk Factors" section in our Prospectus filed with the U.S. Securities and Exchange Commission (SEC) on April 16, 2021 and in our periodic filings with the SEC. Other factors besides those listed could also adversely affect the company. We undertake no obligation to correct or update any forward-looking statements, whether as a result of new information, future developments or otherwise, except to the extent required by applicable law. These forward-looking statements (except as may be otherwise noted) speak only as of the date of this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. You are advised to consult any further disclosures we make on related subjects in our reports to the SEC.

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  2. SALT LAKE CITY, July 12, 2021 /PRNewswire/ -- Recursion (NASDAQ:RXRX), a clinical-stage biotechnology company decoding biology by integrating technological innovations across biology, chemistry, automation, machine learning and engineering, today announced the opening of its child care center, adjacent to Recursion's Salt Lake City headquarters.

    "To say that I think the childcare situation in the US is a problem is an understatement. It is one of the greatest barriers in the pursuit of an equal and equitable society. My belief, and Recursion's belief, is that employers have a responsibility to be part of the solution," said Recursion Chief People Officer Heather Kirkby. "I just emerged from what I call the 'chaos years' of being a working mother with my youngest turning six. I'm proud to work for a company that's willing to commit to supporting working parents in such a meaningful way."

    Bright Horizons, the country's largest provider of employer-sponsored child care, will provide child care for Recursion employees' children from infancy through five years old. Opening a child care center for employees has been a long-standing goal for the company. Co-Founder and CEO Chris Gibson, PhD, personally faced challenges in finding reliable child care early in his career. A lack of access to child care providers nearly forced him to choose between becoming a stay-at-home father or starting Recursion, until an opening serendipitously became available at his local Bright Horizons child care center.

    Recursion previously announced plans to open a center in the second half of 2020, which were delayed as a result of the pandemic. Bright Horizons' 7th Annual Modern Family Index Report shows increased stress levels and concern among parents surrounding their children's development and wellbeing as an effect of the Covid-19 pandemic, making accessible daycare even more important during the transition back to in-person work. Accompanying the official opening of its child care center, Recursion is proud to have joined the TIME'S UP Care Economy Business Council. The CEBC is a coalition of large corporations, small businesses, entrepreneurs and investors working to shift the cultural narrative around who is responsible for care.

    Recursion aims to provide access to affordable, dependable and convenient child care as a benefit for working parents. Helping employees solve the childcare puzzle is an essential ingredient to building a diverse workforce, which is one of Recursion's greatest commitments in pursuit of achieving its audacious mission. Accessible child care also helps to create equity among employees, and encourages a sense of belonging. According to various studies, only 4 to 6 percent of U.S. employers offer child care centers or programs, whether subsidized or unsubsidized (see the Society for Human Resource Management). Utah also ranks as one of the three most difficult states for child care access, setting Recursion apart as an employer that understands the unique challenges that working parents face in Salt Lake City.

    "Recursion's decision-making process for building a child care center underscores the environment facing all employers – they continue to need to support working parents so they can be their most productive selves at work," says Bright Horizons Chief Executive Officer Stephen Kramer.  "The pandemic may have paused the mobilization of their child care center, but it ultimately served to amplify the fact that parents need high quality early education and care for their children regardless of where they work. Recursion, like many leading employers, has long recognized that an investment in child care is a critical investment in their workforce and in the future. The past year and a half has only served to bring that into sharper focus. We are proud to partner with Recursion in supporting their working parent employees and helping to develop the next generation."

    About Recursion

    Recursion is a clinical-stage biotechnology company decoding biology by integrating technological innovations across biology, chemistry, automation, machine learning and engineering. Our goal is to radically improve the lives of patients and industrialize drug discovery. Central to our mission is the Recursion Operating System, which combines an advanced infrastructure layer to generate what we believe is one of the world's largest and fastest-growing proprietary biological and chemical datasets. We combine that with the Recursion Map, a suite of custom software, algorithms and machine learning tools that we use to explore foundational biology unconstrained by human bias and navigate to new biological insights. Learn more at www.recursion.com, or connect on Twitter and LinkedIn.

    About Bright Horizons

    Bright Horizons® is a leading global provider of high-quality child care and early education, back-up care, and workplace education services. For more than 30 years, we have partnered with employers to support workforces by providing services that help working families and employees thrive personally and professionally. We operate approximately 1,000 child care centers in the United States, the United Kingdom, the Netherlands, and India, and serve more than 1,300 of the world's leading organizations. Bright Horizons' child care centers, back-up child and elder care, and workforce education programs, including tuition program management, education advising, and student loan repayment, help employees succeed at each life and career stage. For more information, go to www.brighthorizons.com.

    Press Contact

    Jenna Barbari - Communications Coordinator

    Investor Relations Contact

    Forward Looking Statements

    This press release contains information that includes or is based upon "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995. Forward-looking statements provide our expectations or forecasts regarding future events. You can identify these statements by the fact they do not relate strictly to historical or current facts. They may use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other terms of similar meaning in connection with a discussion of future operating or financial performance. In particular, forward-looking statements include statements relating to intended future actions; plans with respect to clinical trials and preclinical activities; prospective products or product approvals; future performance or results of anticipated products or technology; expenses; our ability to obtain, maintain and enforce intellectual property protections and financial results; in addition to other topics. Any or all of our forward-looking statements here or elsewhere may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements and from expected or historical results. Many such factors will be important in determining our actual future results. Consequently, no forward-looking statement can be guaranteed. In particular, you should read the discussion in the "Risk Factors" section in our Prospectus filed with the U.S. Securities and Exchange Commission (SEC) on April 16, 2021 and in our periodic filings with the SEC. Other factors besides those listed could also adversely affect the company. We undertake no obligation to correct or update any forward-looking statements, whether as a result of new information, future developments or otherwise, except to the extent required by applicable law. These forward-looking statements (except as may be otherwise noted) speak only as of the date of this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. You are advised to consult any further disclosures we make on related subjects in our reports to the SEC.

     

     

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  3. SALT LAKE CITY, July 1, 2021 /PRNewswire/ -- Recursion (NASDAQ:RXRX), a clinical-stage biotechnology company decoding biology by integrating technological innovations across biology, chemistry, automation, machine learning and engineering, today announced that it is doubling the size of its headquarters at The Gateway in downtown Salt Lake City, signing a new lease with Vestar for an additional 100,000 square feet. The Gateway is a mixed-use lifestyle and entertainment district, featuring 1.2 million square feet of retail, dining and office space as well as 1,200 multifamily units.

    Recursion originally signed a lease in 2018 for 100,000 square feet at The Gateway, where it currently has over 250 employees. The company is expected to expand into its new space in the second quarter of 2022.

    "Recursion is a pioneer in the emerging field of technology-enabled drug discovery. To deliver on our mission we have grown our world-class team of scientists, engineers, clinicians and company builders by more than 60% in the last year," said Recursion President and COO Tina M. Larson. "Expanding our laboratory footprint will allow us to grow our proprietary biological dataset even faster and add several novel capabilities in biology and chemistry research."

    Recursion's expansion comes after the formation of BioHive, a new public-private collaboration that will expand business development in Utah's growing healthcare innovation sector. BioHive serves as the brand representing Utah's healthcare innovation community, of which Salt Lake City is the hub, supporting some of the greatest entrepreneurs and companies in the country. Leaders from these companies have joined up with local economic development and industry backers to represent more than 1,000 Utah companies in the biopharmaceuticals, medical devices, diagnostics, genomics, biotechnology, health tech, and digital informatics fields. The Gateway sits at the epicenter of BioHive.

    "Recursion is a tremendous partner for Salt Lake City on numerous fronts," said Clark Cahoon, with Salt Lake City Department of Economic Development. "Their continued success in the healthcare innovation ecosystem comes as no surprise with their dedication to improving lives. We applaud this expansion at The Gateway and could not be happier to have Recursion expand their footprint in downtown Salt Lake City."

    "As Life Science Companies continue to grow in Salt Lake City and throughout the United States, our mixed-use retail centers are the perfect fit for their innovative workers who crave culture and the lifestyle our tenant mix provides," said Vestar Vice President of Leasing Jenny Cushing. "We have seen tremendous growth in the Salt Lake City economy as civic leaders and executives continue to position the area as a top location for a diverse spectrum of businesses. We will continue to look for ways to innovate and attract businesses that bring the community together at our center."

    Built in 2001 and situated on 21 acres, The Gateway is located at the intersection of 400 West and South Temple. The center is home to Salt Lake City's largest outdoor art gallery and hosts nearly 400 events per year. The center is leased to several companies including Dave & Buster's, Clark Planetarium, HallPass, The Depot by Live Nation, Larry H. Miller Megaplex Theatre, Discovery Gateway Children's Museum, TruFusion, Fidelity Investments, Cicero and Kiln Co-Working.

    Vestar was represented in house by Jenny Cushing and by Andy Moffitt, Lance Pendleton and Troy Hardy with Mountain West Commercial Real Estate. Recursion was represented in-house.

    About Recursion

    Recursion is a clinical-stage biotechnology company decoding biology by integrating technological innovations across biology, chemistry, automation, machine learning and engineering. Its goal is to radically improve the lives of patients and industrialize drug discovery. Central to this mission is the Recursion Operating System, which combines an advanced infrastructure layer to generate what it believes is one of the world's largest and fastest-growing proprietary biological and chemical datasets. The Recursion OS is combined with the Recursion Map, a suite of custom software, algorithms and machine learning tools used to explore foundational biology unconstrained by human bias, and navigate to new biological insights. Learn more at www.recursion.com, or connect on Twitter and LinkedIn.

    About Vestar

    As one of the leading privately held real estate companies in the United States, Vestar acquires, develops and manages shopping and entertainment destinations that serve as community focal points. Since its inception in 1989, Vestar has earned a reputation for integrity and responsibility in the fields of retail property development, operations, leasing and marketing. Vestar's current portfolio of retail properties totals 30 million square feet throughout the western states. For more information, please visit vestar.com.

    Forward-Looking Statements

    This press release contains information that includes or is based upon "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995. Forward-looking statements provide our expectations or forecasts regarding future events. You can identify these statements by the fact they do not relate strictly to historical or current facts. They may use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other terms of similar meaning in connection with a discussion of future operating or financial performance. In particular, forward-looking statements include statements relating to intended future actions; plans with respect to clinical trials and preclinical activities; prospective products or product approvals; future performance or results of anticipated products or technology; expenses; our ability to obtain, maintain and enforce intellectual property protections and financial results; in addition to other topics. Any or all of our forward-looking statements here or elsewhere may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements and from expected or historical results. Many such factors will be important in determining our actual future results. Consequently, no forward-looking statement can be guaranteed. In particular, you should read the discussion in the "Risk Factors" section in our Prospectus filed with the U.S. Securities and Exchange Commission (SEC) on April 16, 2021 and in our periodic filings with the SEC. Other factors besides those listed could also adversely affect the company. We undertake no obligation to correct or update any forward-looking statements, whether as a result of new information, future developments or otherwise, except to the extent required by applicable law. These forward-looking statements (except as may be otherwise noted) speak only as of the date of this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. You are advised to consult any further disclosures we make on related subjects in our reports to the SEC.

    Press Contact

    Elyse Freeman - Communications and Content Manager

      

    Investor Relations Contact

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  4. Recursion to open office space within Mila and build machine learning team to focus on some of drug discovery's most challenging problems

    MONTRÉAL, June 23, 2021 /PRNewswire/ -- Recursion (NASDAQ:RXRX), a clinical-stage biotechnology company decoding biology by integrating technological innovations across biology, chemistry, automation, machine learning and engineering, today announced a multi-year collaboration with Mila, the Quebec Artificial Intelligence Institute, to accelerate Recursion's machine learning capabilities.

    "Recursion is executing at the forefront of multiple technical fields including biology, chemistry, automation, engineering and data science," said Recursion Co-Founder and CEO Chris Gibson. "From operating one of the world's most powerful supercomputers, to approximately 35 per cent of our employees focusing on data science and software engineering, Recursion uses technology to drive insights into biology. This collaboration with Mila accelerates our research in machine learning alongside one of the leading institutes in the world."

    Recursion will open office space within Mila and build a team focused on using machine learning for tech-enabled drug discovery. The Montreal office will collaborate with the company's first major multidisciplinary expansion in Toronto, in addition to its existing headquarters in Salt Lake City, Utah and in vivo biology center in Milpitas, California. Mila's AI ecosystem will allow Recursion access to a network of talented experts, who will work with Recursion toward its goal of radically improving the lives of patients and industrializing drug discovery.

    "Mila and Montreal are renowned for a vibrant artificial intelligence community that is focused on meaningful, real-world problems," said Recursion Chief Technology Officer Ben Mabey. "This ethos is highly aligned with Recursion's mission to decode biology to radically improve lives. We are excited about deepening our relationship with this community and the city of Montreal."

    Recursion leverages machine learning to unravel complex patterns of biology within its more than 8 PB and growing proprietary biological datasets generated in-house at the company's headquarters in Salt Lake City. The totality of Recursion's infrastructure, data and software systems enable the company to drive the unbiased discovery of novel therapeutics at a pace and scale beyond what could be studied or explored in the physical world. Professor Yoshua Bengio, founder of Mila, has served as a scientific advisor for Recursion over the past four years, and is helping Recursion expand its machine learning capabilities. Currently, Recursion sponsors a postdoctoral fellow at Mila who is working in the area of causal representation learning with Professor Bengio.

    "We are thrilled to welcome Recursion to Mila's campus. By leveraging machine learning for drug discovery, the combined efforts of Mila and Recursion have the potential to scale up and ramp up the search for drug candidate molecules," said Yoshua Bengio. "We look forward to contributing to Recursion's technology-enabled R&D activities and maximizing the opportunity to revolutionize patient treatment and care."

    Learn more about Recursion and view open positions at Recursion.com/Careers.

    About Recursion

    Recursion is a clinical-stage biotechnology company decoding biology by integrating technological innovations across biology, chemistry, automation, machine learning and engineering. Our goal is to radically improve the lives of patients and industrialize drug discovery. Central to our mission is the Recursion Operating System, which combines an advanced infrastructure layer to generate what we believe is one of the world's largest and fastest-growing proprietary biological and chemical datasets. We combine that with the Recursion Map, a suite of custom software, algorithms and machine learning tools that we use to explore foundational biology unconstrained by human bias and navigate to new biological insights. Learn more at www.recursion.com, or connect on Twitter and LinkedIn.

    About Mila

    Founded by Professor Yoshua Bengio of the Université de Montréal, Mila is a research institute in artificial intelligence which rallies about 700 researchers specializing in the field of deep learning. Based in Montreal, Mila's mission is to be a global pole for scientific advances that inspires innovation and the development of AI for the benefit of all. Mila is a non-profit organization recognized globally for its significant contributions to the field of deep learning, particularly in the areas of language modelling, machine translation, object recognition and generative models.

    Press Contact

    Elyse Freeman - Senior Communications and Content Manager

    Investor Relations Contact

    Forward-Looking Statements

    This press release contains information that includes or is based upon "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995. Forward-looking statements provide our expectations or forecasts regarding future events. You can identify these statements by the fact they do not relate strictly to historical or current facts. They may use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other terms of similar meaning in connection with a discussion of future operating or financial performance. In particular, forward-looking statements include statements relating to intended future actions; plans with respect to clinical trials and preclinical activities; prospective products or product approvals; future performance or results of anticipated products or technology; expenses; our ability to obtain, maintain and enforce intellectual property protections and financial results; in addition to other topics. Any or all of our forward-looking statements here or elsewhere may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements and from expected or historical results. Many such factors will be important in determining our actual future results. Consequently, no forward-looking statement can be guaranteed. In particular, you should read the discussion in the "Risk Factors" section in our Prospectus filed with the U.S. Securities and Exchange Commission (SEC) on April 16, 2021 and in our periodic filings with the SEC. Other factors besides those listed could also adversely affect the company. We undertake no obligation to correct or update any forward-looking statements, whether as a result of new information, future developments or otherwise, except to the extent required by applicable law. These forward-looking statements (except as may be otherwise noted) speak only as of the date of this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. You are advised to consult any further disclosures we make on related subjects in our reports to the SEC.

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  5. The company aims to hire up to 50 people by the end of 2021 across disciplines of data science, machine learning, engineering, product management and computational biology.

    TORONTO, June 15, 2021 /PRNewswire/ -- Recursion (NASDAQ:RXRX), a clinical-stage biotechnology company decoding biology by integrating technological innovations across biology, chemistry, automation, machine learning and engineering, today announced its intention to soon launch its first major multidisciplinary expansion beyond its Utah headquarters, with plans to hire up to 50 people in Toronto by the end of 2021.

    "As Recursion continues to build a next-generation biopharma company, it's critical that we hire the best talent," said Co-Founder & CEO Chris Gibson, Ph.D. "Toronto stood out as an ideal location for our first hub beyond our headquarters because of its diverse and brilliant talent across technology, biology and chemistry. I look forward to expanding our operations in Canada and hiring many new Recursionauts that will help us advance our mission of decoding biology to radically improve lives through continued development of the Recursion OS, as well as advancement and expansion of what is already the largest, broadest and deepest therapeutic pipeline of any technology-enabled drug discovery company."

    Today, Recursion has over 260 employees across biology, chemistry, automation, data science, machine learning, engineering and accelerating functions. Over the past year, Recursion has increased its headcount by over 60 per cent. Through this growth, Recursion lived its values by helping all Recursionauts navigate the pandemic while safely keeping its labs open, secured a transformational discovery partnership with a major biopharmaceutical company and debuted on the public markets, all to accelerate the company's progress toward achieving its mission. Recursion has initiated the office selection process in Toronto and plans to open the doors of its new hub in the fall. This multidisciplinary hub will join its Salt Lake City, Utah headquarters and Milpitas, California in vivo biology center.

    "As a proud Canadian who was born and raised in Toronto, it's clear to me that Recursion's unique pace, scale, values and ambition are well aligned with the incredible talent in my hometown, making this a full-circle life moment for me," said Chief People Officer Heather Kirkby. "I am thrilled to hire and support local Canadian talent that will no doubt bring further curiosity, humility and grit into the workplace. At Recursion, we are deeply committed to building a diverse workforce because it is crucial to achieve our audacious mission and also the right thing to do. We're proud of having built a workforce that is 40 per cent women all the way up to, and including, the executive team. We also believe that in addition to radically improving the lives of patients, we owe an equally positive impact on our employees, their families and the communities in which we operate. We look forward to partnering with a multicultural community and participating in the Canadian ecosystem where there are remarkable collaborations between industry, government and academia."

    Recursion has partnered with Toronto Global, a team of experienced business advisors assisting businesses around the globe expand into the Toronto Region, and the Canadian Trade Commissioner Service, both of which are supporting Recursion's investment in Toronto and Canada.

    "I am thrilled to welcome Recursion to the Toronto Region," said Toronto Mayor John Tory. "Our well-established life sciences ecosystem and business-friendly environment provides a competitive edge to innovative biotech companies. We have the talent, research expertise and infrastructure that companies like Recursion need to succeed. From deep learning to quantum computing to regenerative medicine, we are home to some of the world's most pre-eminent researchers in biotech and healthtech."

    Candidates may learn more about Recursion and view open positions at Recursion.com/Careers.

    About Recursion

    Recursion is a clinical-stage biotechnology company decoding biology by integrating technological innovations across biology, chemistry, automation, machine learning and engineering. Our goal is to radically improve the lives of patients and industrialize drug discovery. Central to our mission is the Recursion Operating System, which combines an advanced infrastructure layer to generate what we believe is one of the world's largest and fastest-growing proprietary biological and chemical datasets. We combine that with the Recursion Map, a suite of custom software, algorithms and machine learning tools that we use to explore foundational biology unconstrained by human bias and navigate to new biological insights. Learn more at www.recursion.com, or connect on Twitter and LinkedIn.

    Contact

    Elyse Freeman - Senior Communications and Content Manager

    Investor Relations Contact

    Forward-Looking Statements

    This press release contains information that includes or is based upon "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995. Forward-looking statements provide our expectations or forecasts regarding future events. You can identify these statements by the fact they do not relate strictly to historical or current facts. They may use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other terms of similar meaning in connection with a discussion of future operating or financial performance. In particular, forward-looking statements include statements relating to intended future actions; plans with respect to clinical trials and preclinical activities; prospective products or product approvals; future performance or results of anticipated products or technology; expenses; our ability to obtain, maintain and enforce intellectual property protections and financial results; in addition to other topics. Any or all of our forward-looking statements here or elsewhere may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements and from expected or historical results. Many such factors will be important in determining our actual future results. Consequently, no forward-looking statement can be guaranteed. In particular, you should read the discussion in the "Risk Factors" section in our Prospectus filed with the U.S. Securities and Exchange Commission (SEC) on April 16, 2021 and in our periodic filings with the SEC. Other factors besides those listed could also adversely affect the company. We undertake no obligation to correct or update any forward-looking statements, whether as a result of new information, future developments or otherwise, except to the extent required by applicable law. These forward-looking statements (except as may be otherwise noted) speak only as of the date of this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. You are advised to consult any further disclosures we make on related subjects in our reports to the SEC.

     

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