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| Name | Symbol | Market | Type |
|---|---|---|---|
| Merck KGaA (PK) | USOTC:MKKGY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 29.55 | 29.20 | 29.25 | 0.00 | 14:23:37 |
From Jan 2023 to Jan 2025
By Colin Kellaher
Shares of Exscientia rose sharply in premarket trading Wednesday after the precision-medicine company formed an artificial-intelligence collaboration potentially worth hundreds of millions of dollars with German science and technology company Merck KGaA.
As part of the multi-year agreement, Exscientia said it will receive a $20 million upfront payment from Merck and will be eligible for up to $674 million in milestone payments, along with royalties on product sales.
Exscientia said the companies will use its AI-driven precision drug design and discovery capabilities to discover novel small-molecule drug candidates across oncology, neuroinflammation and immunology.
Exscientia shares, which closed Tuesday at $5.06, were recently up 21% to $6.14 in premarket trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 20, 2023 06:32 ET (10:32 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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