Recursion Pharmaceuticals IPO
Recursion Pharmaceuticals is a biotechnology company that uses artificial intelligence and machine learning to accelerate drug discovery and development. The company operates one of the world's largest proprietary datasets of biological and chemical interactions to identify new therapeutic opportunities. Investors are attracted to its AI-driven approach to pharmaceutical development and potential to reduce drug discovery timelines and costs.
Key Facts
| Industry | Biotechnology |
| Founded | 2013 |
| Headquarters | Salt Lake City, UT |
| Employees | ~500 |
| Website | recursion.com |
| Funding | Public company (NASDAQ: RXRX) |
About Recursion Pharmaceuticals
Recursion Pharmaceuticals operates as a clinical-stage biotechnology company that uses artificial intelligence, automation, and high-throughput biology to discover and develop new medicines. The company has built one of the world's largest proprietary biological and chemical datasets, using automated microscopy and machine learning to identify potential drug compounds across a vast array of disease areas. Their platform can test millions of potential drug combinations and identify promising candidates far more quickly than traditional drug discovery methods.
As a publicly traded company since 2021, Recursion has advanced multiple drug candidates into clinical trials across areas including rare diseases, inflammation, and infectious diseases. The company's AI-driven approach has attracted partnerships with major pharmaceutical companies including Bayer and Roche Genentech, who are leveraging Recursion's platform for their own drug discovery efforts. Their technology represents a significant advancement in applying machine learning to accelerate the traditionally slow and expensive drug development process.
IPO Status
Recursion Pharmaceuticals completed its IPO in April 2021, going public on NASDAQ under the ticker symbol "RXRX." The company raised approximately $436 million in its public offering, pricing shares at $18 each. The IPO was well-received initially, reflecting strong investor interest in AI-powered drug discovery companies. Since going public, Recursion has continued to advance its AI platform and drug pipeline while forming strategic partnerships with major pharmaceutical companies. Like many biotech stocks, RXRX has experienced significant volatility based on clinical trial results, partnership announcements, and broader biotech market sentiment.
Competitors
Frequently Asked Questions
Does Recursion Pharmaceuticals have a stock?
Yes, Recursion Pharmaceuticals completed its IPO in April 2021 and has been publicly traded since then. The company trades on NASDAQ under ticker "RXRX."
When is the Recursion Pharmaceuticals IPO date?
Recursion Pharmaceuticals already went public in April 2021, so there is no upcoming IPO. The company has been publicly traded for several years now.
How can I buy Recursion Pharmaceuticals stock?
You can buy Recursion Pharmaceuticals stock through any brokerage account since it trades on NASDAQ under ticker "RXRX." Shares are available during regular trading hours through standard brokers.
Don't Miss the Next Big IPO
Get notified when the next major company files for an IPO. Daily alerts delivered to your inbox.
Get IPO Alerts