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- Published on January 9, 2024
- In AI Features
Why Isomorphic Labs Partnered with Novartis and Eli Lilly
This development comes at a time when NVIDIA recently introduced BioNeMo
Image by Nikhil Kumar
- By Siddharth Jindal
Isomorphic Labs, a London-based AI drug discovery startup, spun out of Google’s DeepMind unit just over two years ago, recently announced key partnerships with two of the world’s largest pharmaceutical companies — Eli Lilly & Co. and Novartis AG.
The deals are said to have a combined value of close to $3 billion. Isomorphic Labs will partner with Lilly for small molecule therapeutics, receiving an upfront payment of $45 million and up to $1.7 billion in milestone payments, excluding royalties. Similarly, with Novartis, Isomorphic Labs gets a $37.5 million upfront payment, funding for select research costs, and up to $1.2 billion in milestone payments, along with royalties on net sales.
Founded in 2021 by Demis Hassabis, co-founder of DeepMind, Isomorphic Labs primaril
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Siddharth Jindal
Siddharth is a media graduate who loves to explore tech through journalism and putting forward ideas worth pondering about in the era of artificial intelligence.
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