EQRx, a company developing new drugs that'll compete with some of the highest-priced drugs on the market at a lower price, is moving faster than it expected.
It aims to get have its first treatment approved in the next "handful of years" and has brought on four cancer drugs that are in later stages of development. EQRx, a startup that wants to develop new drugs that work similarly to pills and infusions that are already on the market, just raised more money to attain its goal more quickly.
A year in, the startup is substantially ahead of schedule, CEO Alexis Borisy told Business Insider. The company has brought on four cancer drugs that are in late-stage trials, with the aim of having its first drug approved in a "handful of years," Borisy said. Initially, the plan was to have its first approval within the first five years.
Borisy declined to name the health plans and health systems that had invested, noting that some wanted to be publicly named while others didn't.
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