Recursion Pharmaceuticals Inc. published a 2025 shareholder letter outlining business updates and priorities for 2026 and beyond. The letter reports an AI-enabled clinical proof of concept in familial adenomatous polyposis for REC-4881 and states that five clinical programs are advancing with defined differentiation and go/no-go criteria. The letter also cites more than $500 million in upfront and progress-based milestone payments to date from partnerships, including $213 million in cash inflows from Roche and Genentech and $134 million in cash inflows from Sanofi. The full letter can be accessed through the link below.

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