Absci Corporation Leverages AI For Rapid Drug Discovery And Promising Partnerships

Summary:

  • Absci Corporation uses IDCP technology to quickly produce high-quality drug candidates in as little as six weeks, reducing costs and improving research success rates.
  • The company has promising candidates in inflammatory bowel disease, dermatology, and immuno-oncology, attracting major partnerships with over $900 million in deal value and royalties.
  • ABSI focuses on three therapeutic areas: inflammatory bowel disease, dermatology, and immuno-oncology.
  • Investors should be aware of the high risks due to the speculative nature of AI-driven drug discovery and potential funding needs.
  • Still, ABSI trades at a reasonable valuation, making it a sound speculative “buy” for investors aware of biotech’s inherent risks.

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Absci Corporation (NASDAQ:ABSI) is a biotech stock that uses its IDCP technology, combining extensive datasets, advanced AI algorithms, and wet lab validation. This produces high-quality drug candidates quickly, in as little as six weeks. ABSI’s streamlined process reduces costs and should improve its


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