financetom
Business
financetom
/
Business
/
Absci, Almirall Expand Collaboration to Include Second Dermatology Target
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Absci, Almirall Expand Collaboration to Include Second Dermatology Target
Aug 7, 2025 2:45 AM

05:16 AM EDT, 08/07/2025 (MT Newswires) -- Absci ( ABSI ) and Almirall said Thursday that they have agreed to expand their ongoing artificial intelligence drug discovery collaboration to include a second program.

Under the partnership, Almirall will select a second target focused on dermatological indications.

Absci ( ABSI ) said it is entitled to receive up to about $650 million in upfront and milestone payments across both programs under the collaboration, plus royalties on potential sales.

The collaboration, which was announced in November 2023, combines Absci's ( ABSI ) Integrated Drug Creation platform with Almirall's experience in developing therapeutics for chronic and debilitating skin diseases, the companies said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Appeals Court Affirms Microsoft's Acquisition of Activision
US Appeals Court Affirms Microsoft's Acquisition of Activision
May 26, 2025
12:28 PM EDT, 05/07/2025 (MT Newswires) -- The US Court of Appeals for the Ninth Circuit on Wednesday affirmed a district court's denial of a motion by the Federal Trade Commission for preliminary injunctive relief against Microsoft's ( MSFT ) acquisition of Activision Blizzard. Microsoft ( MSFT ) didn't immediately reply to a request for comment from MT Newswires. Price:...
Realbotix to Showcase Humanoid Robots at Bitcoin 2025 Conference
Realbotix to Showcase Humanoid Robots at Bitcoin 2025 Conference
May 26, 2025
12:26 PM EDT, 05/07/2025 (MT Newswires) -- Realbotix ( XBOTF ) Wednesday said it will showcase its humanoid robots at Bitcoin 2025, taking place May 27-29 in Las Vegas. Aria, Realbotix's ( XBOTF ) most popular humanoid robot, will serve as the official greeter at the conference, welcoming attendees and helping them locate booths, answering general questions, and engaging in...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Why Is Steve Madden's Stock Surging Today?
Why Is Steve Madden's Stock Surging Today?
May 26, 2025
Steven Madden Ltd ( SHOO ) shares are trading higher on Wednesday after the first-quarter FY25 earnings. The company reported first-quarter revenue growth of 0.2% year-on-year to $551.38 million, missing the analyst consensus estimate of $557.34 million. Revenue for the wholesale business increased 0.2% to $439.3 million, and Direct-to-Consumer revenue fell 0.2% to $112.1 million. Gross profit margin expanded 20...
Copyright 2023-2026 - www.financetom.com All Rights Reserved