Absci Raises $50 Million to Advance AI-Driven Drug Discovery Platform and Internal Pipeline
- Absci Corporation completed a $50 million public offering of 16.67 million shares at $3.00 per share to fund its AI-powered drug discovery programs and internal pipeline development.
- The company's cash reserves increased to $134 million as of March 2025, extending its operational runway through 2027 while advancing preclinical candidates ABS-101 and ABS-201.
- Absci's Integrated Drug Creation platform combines generative AI with synthetic biology and has secured partnerships with pharmaceutical giants including Merck and Moderna.
- The AI-driven biologics market is projected to grow from $13.9 billion in 2024 to over $30 billion by 2030, positioning Absci in a rapidly expanding sector.