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AstraZeneca Teams Up with AI Firm to Develop Cancer Drug

The offices of British-Swedish multinational pharmaceutical and biopharmaceutical company AstraZeneca PLC in Macclesfield, England, on July 21, 2020. (Paul Ellis/AFP)
The offices of British-Swedish multinational pharmaceutical and biopharmaceutical company AstraZeneca PLC in Macclesfield, England, on July 21, 2020. (Paul Ellis/AFP)
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AstraZeneca Teams Up with AI Firm to Develop Cancer Drug

The offices of British-Swedish multinational pharmaceutical and biopharmaceutical company AstraZeneca PLC in Macclesfield, England, on July 21, 2020. (Paul Ellis/AFP)
The offices of British-Swedish multinational pharmaceutical and biopharmaceutical company AstraZeneca PLC in Macclesfield, England, on July 21, 2020. (Paul Ellis/AFP)

Anglo-Swedish drug maker AstraZeneca has signed a deal worth up to $247 million with US artificial intelligence (AI) biologics firm Absci to design an antibody to fight cancer, the Financial Times reported on Sunday.

The collaboration aims to harness Absci's AI technology for large-scale protein analysis to find a viable oncology therapy, a leading focus of AstraZeneca, the report said. It did not say what kind of cancer they plan to target.

Absci and AstraZeneca did not immediately respond to a Reuters requests for comment.

The deal includes an upfront fee for Absci, research and development funding and milestone payments, as well as royalties on any product sales, the newspaper said.

Sean McClain, Absci’s founder and chief executive, was quoted as saying the application of engineering principles to drug discovery improved the potential of success and reduced time spent in development.

Absci applies generative artificial intelligence to design optimal drug candidates based on target affinity, safety, manufacturability and other traits.

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UK Travel Disrupted as Storm Bert Fallout Continues

Waves crash over the harbor arm caused by high winds from Storm Bert in Folkestone, Britain, November 24, 2024. (Reuters)
Waves crash over the harbor arm caused by high winds from Storm Bert in Folkestone, Britain, November 24, 2024. (Reuters)
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UK Travel Disrupted as Storm Bert Fallout Continues

Waves crash over the harbor arm caused by high winds from Storm Bert in Folkestone, Britain, November 24, 2024. (Reuters)
Waves crash over the harbor arm caused by high winds from Storm Bert in Folkestone, Britain, November 24, 2024. (Reuters)

Britain's roads and railways were hit by closures on Monday after Storm Bert battered the country over the weekend, causing widespread flooding and killing four people.

There were more than 200 flood warnings and flood alerts in place across England and Wales, while trains from London to the southwest were cancelled and rail services in central England were severely disrupted.

"Do not attempt to travel on any route today," Great Western Railway, whose trains connect London to Bristol and Cornwall, said on X.

Among those killed during the storm were a dog walker in North Wales and a man who died when a tree hit his car in southern England.

Major roads in Northamptonshire and Bristol were closed, while fallen trees on rail lines cut off services between London and Stansted Airport, Britain's fourth busiest hub.

The disruption comes after Storm Bert hit Britain late on Friday, bringing snow, rain and strong winds.

The Met Office kept a warning for strong winds in place for northern Scotland on Monday and said the storm would clear from that part of the country early on Tuesday.