CytoReason and Pfizer ink $110 million AI deal

20 September 2022

Extending a previous accord with the US pharma giant, Israel-based CytoReason has now signed a new partnership with Pfizer (NYSE: PFE) to use CytoReason’s artificial intelligence technology for Pfizer’s drug development programs for a further five years.

Under the terms of the new deal, Pfizer will make a $20 million equity investment, have options to license CytoReason’s platform and disease models, and fund supplementary project support, in a deal potentially worth up to $110 million over the next five years.

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