BMS declines option on two Exscientia oncology candidates

15 March 2023

UK-based company that uses artificial intelligence (AI) in drug discovery Exscientia (Nasdaq: EXAI) saw its shares edge up 2.8% to $6.86 in morning trading today, despite announcing that US pharma major Bristol Myers Squibb (NYSE: BMY) would not be taking up an option under an agreement with Celgene.

As a result, Exscientia now wholly-owns precision oncology development candidates, EXS74539 (‘539), an LSD1 inhibitor, and EXS73565 ('565), a MALT1 protease inhibitor.

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