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AstraZeneca ties up with AI biologics company to develop cancer drug

Deal with Absci is the latest between big pharma and tech companies to build new disease treatments
AstraZeneca says ‘AI is enabling us to . . . increase the success and speed of our biologics discovery process’

AstraZeneca has signed a deal worth up to $247mn with Absci Corporation of the US to design an antibody to fight cancer, the latest tie-up in fast-expanding efforts to use artificial intelligence for drug discovery.

The collaboration aims to harness Absci’s AI technology for large-scale protein analysis to find a viable oncology therapy — a leading focus of Anglo-Swedish drugmaker AstraZeneca.

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