Exscientia – $510.4 Million IPO

London – October 5, 2021 – Cooley advised Exscientia, an AI-driven pharmatech company based in Oxford, United Kingdom, on its $510.4 million initial public offering, including concurrent private placements to SoftBank and the Bill & Melinda Gates Foundation. Partners David Boles, Claire Keast-Butler, Div Gupta and Marc Recht led the Cooley team advising Exscientia.

Goldman Sachs, Morgan Stanley, BofA Securities and Barclays Capital acted as joint book-running managers for the offering. The American depositary shares began trading on the Nasdaq Global Select Market under the symbol "EXAI" on October 1, 2021.

Exscientia is committed to discovering, designing and developing the best possible drugs in the fastest and most effective manner. The company developed the first functional precision oncology platform to successfully guide treatment selection and improve patient outcomes in a prospective interventional clinical study, as well as move AI-designed small molecules into the clinical setting. Exscientia’s pipeline demonstrates its ability to rapidly translate scientific concepts into precision-designed therapeutic candidates, with more than 25 projects advancing, including the first three AI-designed drug candidates to enter Phase 1 clinical trials.

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Related Contacts
David Boles  Partner London
Div Gupta  Partner New York
Marc Recht  Partner Boston
David Wilson  Partner London
Chris Stack  Partner London
Dayne Brown  Associate New York
Margaret D. Suh  Associate New York
Charles George  Associate London
Meg Begur  Associate London
Nicola Squire  Partner London
Jack Jones  Associate London
Charlotte Irvine  Associate London
Tom Goodman  Partner London
Paula Holland  Partner London
Aaron Pomeroy  Partner Colorado
Calvin Lee  Associate New York
Ivor Elrifi  Partner New York, Boston
Courtney Thorne  Partner Boston