Altitude Lab Biotech Accelerator Achieves Funding Milestone
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 19 2026
0mins
Source: Newsfilter
- Funding Achievement: Since its launch in 2020, Altitude Lab's portfolio companies have collectively raised over $205 million in early-stage funding, reflecting a robust pipeline of firms advancing into clinical trials and securing deals with global pharma despite a challenging funding environment.
- Peel Therapeutics Progress: Peel Therapeutics successfully closed a fully subscribed $20 million Series A, with its lead asset PEEL-224 demonstrating a 68% disease control rate in a Phase 1A trial involving 47 heavily pre-treated solid tumor patients, with proceeds aimed at advancing clinical development in metastatic colorectal cancer and pediatric solid tumors.
- Rebel Medicine Innovation: Rebel Medicine raised $7.5 million in Series A funding and received FDA IND clearance for Alevatrix, a long-acting bupivacaine reformulation, currently undergoing its first-in-human Phase 2 trial, which aims to provide up to 72 hours of non-opioid pain relief, indicating significant market potential.
- Leadership Transition: Altitude Lab appointed Kapil Sharma as Interim Executive Director, who has spent four years enhancing the organization's national visibility and investor network, aiming to further solidify Salt Lake City's position as an emerging biotech hub.
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Analyst Views on RXRX
Wall Street analysts forecast RXRX stock price to rise
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 3.440
Low
5.00
Averages
7.75
High
11.00
Current: 3.440
Low
5.00
Averages
7.75
High
11.00
About RXRX
Recursion Pharmaceuticals, Inc. is a clinical-stage TechBio company decoding biology and chemistry to industrialize drug discovery. Its Recursion Operating System (OS), a platform built across diverse technologies, enables the Company to map and navigate trillions of biological and chemical relationships within the Recursion Data Universe. The Company integrates physical and digital components as iterative loops of atoms and bits, scaling wet lab biology and chemistry data organized into virtuous cycles with computational tools to rapidly translate silico hypotheses into validated insights and novel chemistry. Its clinical programs in oncology and rare diseases include REC-617, REC-1245, REC-3565 and REC-4539. Its REC-617 is an orally bioavailable, cyclin-dependent kinase 7 (CDK7) inhibitor for the treatment of advanced solid tumors. Its REV102 program targets ectonucleotide pyrophosphatase/phosphodiesterase 1 (ENPP1), an enzyme implicated in the pathogenesis of HPP.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Recursion Grants 2.99 Million RSUs to New Employees
- Employee Incentive Program: On May 26, 2026, Recursion approved the grant of 2,991,840 restricted stock units (RSUs) to 33 new employees under its 2024 Inducement Equity Incentive Plan, aimed at attracting and retaining talent, thereby enhancing the company's competitive edge in the biotech sector.
- Vesting Mechanism: Each RSU award will vest 1/4 of the shares on the first quarterly date following the one-year anniversary of the grant, and 1/16 of the shares on each subsequent quarterly date, ensuring employees remain committed to the company to receive full benefits, thus promoting long-term stability.
- Tech-Driven Biological Decoding: Recursion leverages its powerful Recursion OS platform, combining machine learning algorithms with vast biological and chemical datasets to advance the future of medicine, showcasing the company's innovative capabilities and market potential in the biotech field.
- Global Business Network: Headquartered in Salt Lake City, Recursion has established offices in Montreal, New York, London, and Oxford, creating a global business network that enhances its influence and expansion capabilities in international markets.
See More
Recursion Pharmaceuticals Faces Challenges Despite AI Innovations
- Poor Market Performance: Recursion Pharmaceuticals' stock has significantly underperformed broader equities over the past two years, recently hitting a new 52-week low, reflecting market skepticism regarding its AI-driven drug development strategy, which may lead to investor concerns about future performance.
- Partnerships Enhance Confidence: Collaborations with industry giants like Nvidia, Roche, Sanofi, and Bayer indicate potential in its technology; however, the lack of tangible results undermines market confidence in its financing capabilities and clinical progress.
- High R&D Costs: The time and costs associated with new drug development have risen sharply over the decades, and while Recursion aims to reduce these through its AI system, it currently lacks market-ready products and faces significant clinical and regulatory risks.
- Uncertain Clinical Trial Outlook: Although REC-4881 shows promise in treating Familial Adenomatous Polyposis, it remains in early-stage studies with no late-stage candidates, necessitating caution from investors regarding its future clinical advancements.
See More
Recursion Pharmaceuticals Leverages AI to Enhance Drug Development
- AI-Driven Drug Development: Recursion Pharmaceuticals is leveraging artificial intelligence to enhance drug development processes, aiming to shorten the time and costs associated with the drug discovery phase, although it has yet to demonstrate significant market results.
- Partnerships: The company has formed partnerships with industry giants such as Nvidia, Roche, Sanofi, and Bayer, which not only validate the potential value of its approach but may also facilitate access to non-dilutive financing.
- Clinical Trial Progress: Recursion's ongoing clinical trial for REC-4881 shows promise in significantly reducing polyp burden in patients with Familial Adenomatous Polyposis, although the drug still faces a lengthy approval process ahead.
- Poor Market Performance: Despite its innovative AI-driven strategy and strong partnerships, Recursion's stock has underperformed over the past two years, recently hitting a 52-week low, reflecting market caution regarding its future prospects.
See More
Recursion Pharmaceuticals Hits 52-Week Low Amid AI Ambitions
- Poor Market Performance: Recursion Pharmaceuticals' shares have significantly underperformed broader equities over the past two years, recently hitting a 52-week low, indicating a lack of market confidence in its AI-driven drug development strategy, which may lead to investor concerns about future performance.
- Partnerships Established: The company has formed partnerships with industry giants like Nvidia, Roche, Sanofi, and Bayer to leverage AI technology aimed at shortening drug discovery timelines and reducing costs, which not only validates the potential of its technology but may also provide access to non-dilutive financing opportunities.
- Clinical Progress Risks: While Recursion is developing REC-4881 for Familial Adenomatous Polyposis (FAP) and showing promise in reducing polyp burden in ongoing phase 1/2 studies, the absence of any late-stage candidates poses significant clinical and regulatory risks that could lead to further stock price declines.
- Cautious Investor Sentiment: Given Recursion's lack of market-ready products and clear clinical advancements, analysts advise investors to exercise caution and avoid investing in this highly speculative stock, even as it approaches its 52-week low.
See More
Altitude Lab's Portfolio Companies Raise Over $205 Million in Funding
- Funding Milestone: Since its launch in 2020, Altitude Lab's portfolio companies have collectively raised over $205 million in early-stage funding, showcasing resilience in the biotech sector despite challenging funding conditions, facilitating advancements in clinical trials and global pharma partnerships.
- Clinical Advancements: Peel Therapeutics successfully closed a $20 million Series A round, with its lead asset PEEL-224 demonstrating a 68% disease control rate in a Phase 1A trial involving 47 heavily pre-treated solid tumor patients, with proceeds aimed at further clinical development in metastatic colorectal cancer and pediatric solid tumors.
- Innovative Collaboration: Leash Bio signed a multi-target agreement with Monte Rosa Therapeutics to accelerate the discovery of degraders for difficult-to-drug targets, having identified over 500 tractable targets prior to the partnership, significantly reducing drug development timelines.
- Leadership Transition: Altitude Lab appointed Kapil Sharma as Interim Executive Director to enhance the organization's national visibility and investor network, continuing to drive Salt Lake City's strategic goal of becoming a burgeoning biotech hub.
See More
Altitude Lab Biotech Accelerator Achieves Funding Milestone
- Funding Achievement: Since its launch in 2020, Altitude Lab's portfolio companies have collectively raised over $205 million in early-stage funding, reflecting a robust pipeline of firms advancing into clinical trials and securing deals with global pharma despite a challenging funding environment.
- Peel Therapeutics Progress: Peel Therapeutics successfully closed a fully subscribed $20 million Series A, with its lead asset PEEL-224 demonstrating a 68% disease control rate in a Phase 1A trial involving 47 heavily pre-treated solid tumor patients, with proceeds aimed at advancing clinical development in metastatic colorectal cancer and pediatric solid tumors.
- Rebel Medicine Innovation: Rebel Medicine raised $7.5 million in Series A funding and received FDA IND clearance for Alevatrix, a long-acting bupivacaine reformulation, currently undergoing its first-in-human Phase 2 trial, which aims to provide up to 72 hours of non-opioid pain relief, indicating significant market potential.
- Leadership Transition: Altitude Lab appointed Kapil Sharma as Interim Executive Director, who has spent four years enhancing the organization's national visibility and investor network, aiming to further solidify Salt Lake City's position as an emerging biotech hub.
See More
Recursion Grants 2.99 Million RSUs to New Employees
- Employee Incentive Program: On May 26, 2026, Recursion approved the grant of 2,991,840 restricted stock units (RSUs) to 33 new employees under its 2024 Inducement Equity Incentive Plan, aimed at attracting and retaining talent, thereby enhancing the company's competitive edge in the biotech sector.
- Vesting Mechanism: Each RSU award will vest 1/4 of the shares on the first quarterly date following the one-year anniversary of the grant, and 1/16 of the shares on each subsequent quarterly date, ensuring employees remain committed to the company to receive full benefits, thus promoting long-term stability.
- Tech-Driven Biological Decoding: Recursion leverages its powerful Recursion OS platform, combining machine learning algorithms with vast biological and chemical datasets to advance the future of medicine, showcasing the company's innovative capabilities and market potential in the biotech field.
- Global Business Network: Headquartered in Salt Lake City, Recursion has established offices in Montreal, New York, London, and Oxford, creating a global business network that enhances its influence and expansion capabilities in international markets.
See More
Recursion Pharmaceuticals Faces Challenges Despite AI Innovations
- Poor Market Performance: Recursion Pharmaceuticals' stock has significantly underperformed broader equities over the past two years, recently hitting a new 52-week low, reflecting market skepticism regarding its AI-driven drug development strategy, which may lead to investor concerns about future performance.
- Partnerships Enhance Confidence: Collaborations with industry giants like Nvidia, Roche, Sanofi, and Bayer indicate potential in its technology; however, the lack of tangible results undermines market confidence in its financing capabilities and clinical progress.
- High R&D Costs: The time and costs associated with new drug development have risen sharply over the decades, and while Recursion aims to reduce these through its AI system, it currently lacks market-ready products and faces significant clinical and regulatory risks.
- Uncertain Clinical Trial Outlook: Although REC-4881 shows promise in treating Familial Adenomatous Polyposis, it remains in early-stage studies with no late-stage candidates, necessitating caution from investors regarding its future clinical advancements.
See More
Recursion Pharmaceuticals Leverages AI to Enhance Drug Development
- AI-Driven Drug Development: Recursion Pharmaceuticals is leveraging artificial intelligence to enhance drug development processes, aiming to shorten the time and costs associated with the drug discovery phase, although it has yet to demonstrate significant market results.
- Partnerships: The company has formed partnerships with industry giants such as Nvidia, Roche, Sanofi, and Bayer, which not only validate the potential value of its approach but may also facilitate access to non-dilutive financing.
- Clinical Trial Progress: Recursion's ongoing clinical trial for REC-4881 shows promise in significantly reducing polyp burden in patients with Familial Adenomatous Polyposis, although the drug still faces a lengthy approval process ahead.
- Poor Market Performance: Despite its innovative AI-driven strategy and strong partnerships, Recursion's stock has underperformed over the past two years, recently hitting a 52-week low, reflecting market caution regarding its future prospects.
See More
Recursion Pharmaceuticals Hits 52-Week Low Amid AI Ambitions
- Poor Market Performance: Recursion Pharmaceuticals' shares have significantly underperformed broader equities over the past two years, recently hitting a 52-week low, indicating a lack of market confidence in its AI-driven drug development strategy, which may lead to investor concerns about future performance.
- Partnerships Established: The company has formed partnerships with industry giants like Nvidia, Roche, Sanofi, and Bayer to leverage AI technology aimed at shortening drug discovery timelines and reducing costs, which not only validates the potential of its technology but may also provide access to non-dilutive financing opportunities.
- Clinical Progress Risks: While Recursion is developing REC-4881 for Familial Adenomatous Polyposis (FAP) and showing promise in reducing polyp burden in ongoing phase 1/2 studies, the absence of any late-stage candidates poses significant clinical and regulatory risks that could lead to further stock price declines.
- Cautious Investor Sentiment: Given Recursion's lack of market-ready products and clear clinical advancements, analysts advise investors to exercise caution and avoid investing in this highly speculative stock, even as it approaches its 52-week low.
See More
Altitude Lab's Portfolio Companies Raise Over $205 Million in Funding
- Funding Milestone: Since its launch in 2020, Altitude Lab's portfolio companies have collectively raised over $205 million in early-stage funding, showcasing resilience in the biotech sector despite challenging funding conditions, facilitating advancements in clinical trials and global pharma partnerships.
- Clinical Advancements: Peel Therapeutics successfully closed a $20 million Series A round, with its lead asset PEEL-224 demonstrating a 68% disease control rate in a Phase 1A trial involving 47 heavily pre-treated solid tumor patients, with proceeds aimed at further clinical development in metastatic colorectal cancer and pediatric solid tumors.
- Innovative Collaboration: Leash Bio signed a multi-target agreement with Monte Rosa Therapeutics to accelerate the discovery of degraders for difficult-to-drug targets, having identified over 500 tractable targets prior to the partnership, significantly reducing drug development timelines.
- Leadership Transition: Altitude Lab appointed Kapil Sharma as Interim Executive Director to enhance the organization's national visibility and investor network, continuing to drive Salt Lake City's strategic goal of becoming a burgeoning biotech hub.
See More
Altitude Lab Biotech Accelerator Achieves Funding Milestone
- Funding Achievement: Since its launch in 2020, Altitude Lab's portfolio companies have collectively raised over $205 million in early-stage funding, reflecting a robust pipeline of firms advancing into clinical trials and securing deals with global pharma despite a challenging funding environment.
- Peel Therapeutics Progress: Peel Therapeutics successfully closed a fully subscribed $20 million Series A, with its lead asset PEEL-224 demonstrating a 68% disease control rate in a Phase 1A trial involving 47 heavily pre-treated solid tumor patients, with proceeds aimed at advancing clinical development in metastatic colorectal cancer and pediatric solid tumors.
- Rebel Medicine Innovation: Rebel Medicine raised $7.5 million in Series A funding and received FDA IND clearance for Alevatrix, a long-acting bupivacaine reformulation, currently undergoing its first-in-human Phase 2 trial, which aims to provide up to 72 hours of non-opioid pain relief, indicating significant market potential.
- Leadership Transition: Altitude Lab appointed Kapil Sharma as Interim Executive Director, who has spent four years enhancing the organization's national visibility and investor network, aiming to further solidify Salt Lake City's position as an emerging biotech hub.
See More
