Recursion in its acquisition of Valence Discovery for US$47.5 million

On May 8, 2023, Recursion entered into an agreement to acquire Valence Discovery for US$47.5 million. Together with the concurrent acquisition of Cyclica, the strategic acquisitions add industry-leading capabilities in digital chemistry, as well as machine-learning and artificial intelligence, to Recursion’s large-scale automated wet-laboratories and supercomputing capabilities, enabling Recursion to deploy the most complete, technology-enabled drug discovery solution in the biopharma industry.

Recursion is a clinical stage TechBio company leading the space by decoding biology to industrialize drug discovery.

Valence Discovery is a leader in developing and deploying AI and physics-based technologies to enable the design of differentiated small molecules with improved properties and function.

Osler, Hoskin & Harcourt LLP advised Recursion with a team consisting of Alex Gorka, John Groenewegen, Neil Rosen and Robert Valentini (Corporate), Steven Dickie and Irmak Aydemir (Employment and Labour), Dov Begun, Taylor Cao and Clemence Chu (Tax), Jonathan Marin and Jonathan Wypych (Benefits), Adam LaRoche and Catherine Hart (Privacy), Sandra Sbrocchi and Marah Smith (Osler Works – Transactional).