Summary by Moomoo AI
On February 27, 2024, Recursion Pharmaceuticals, Inc., a clinical stage TechBio company, announced its financial results for the fourth quarter and fiscal year ended December 31, 2023. The announcement was made through a press release and included updates on the company's business operations and pipeline progress. Recursion reported a net loss of $93.0 million for the fourth quarter and $328.1 million for the fiscal year. Despite the losses, the company highlighted several key developments, including the progress of multiple clinical programs expected to provide Phase 2 data in the second half of 2024 and the first half of 2025, and the in-licensing of a novel program for treating fibrotic diseases. Recursion also emphasized its integration of causal AI models into its operating system, following a data partnership...Show More