Exscientia Expects $15 Million in Milestone Payments From Sanofi

MT Newswires Live

2024/10/16

Exscientia (EXAI) said Wednesday it expects to receive in Q4 a total of $15 million in milestone payments after advancing two drug programs in its collaboration with Sanofi (SNY).

Exscientia said both compounds met the requirements set by both companies to enable a transition to an optimization phase in the collaboration.

The drug development company said it remains eligible to receive additional pre-commercial milestone payments of over $300 million and commercial milestones of over $300 million as well as tiered royalties as part of the Sanofi collaboration.

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