Incyte pens $885M biobucks AI pact to use Genesis' GEMS to develop new drugs

Incyte is sticking to its strategy this year of finding “early-stage, exotic stuff”—paying Genesis Therapeutics $30 million upfront to use the biotech’s artificial intelligence platform to develop small-molecule medicines against undisclosed targets

Feb 20, 2025 - 14:05
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Incyte pens $885M biobucks AI pact to use Genesis' GEMS to develop new drugs
Incyte is sticking to its strategy this year of finding “early-stage, exotic stuff”—paying Genesis Therapeutics $30 million upfront to use the biotech’s artificial intelligence platform to develop small-molecule medicines against undisclosed targets