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Start-ups

Novartis partners with Flagship-backed AI start-up

by Rowan Walrath
September 27, 2024 | A version of this story appeared in Volume 102, Issue 30
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Novartis has selected Flagship Pioneering spin-off Generate:Biomedicines for a collaboration potentially worth more than $1 billion. Generate will use its artificial intelligence software to discover and develop biologics. Novartis is paying Generate $65 million up front, including a $15 million in equity; milestone payments could give the start-up another $1 billion. The companies did not disclose disease areas or the number of targets.

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