Mission Statement, Vision, & Core Values (2024) of Absci Corporation (ABSI)

Mission Statement, Vision, & Core Values (2024) of Absci Corporation (ABSI)

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An Overview of Absci Corporation (ABSI)

General Summary of Absci Corporation (ABSI)

Absci Corporation is a biotechnology company headquartered in Vancouver, Washington, founded in 2011. The company specializes in AI-powered synthetic biology platform for drug discovery and development.

Company Detail Information
Founding Year 2011
Headquarters Vancouver, Washington
Industry Biotechnology

Key Products and Services

  • AI-powered drug discovery platform
  • Synthetic biology technologies
  • Protein engineering solutions

Financial Performance

Financial Metric 2023 Value
Total Revenue $14.4 million
Net Loss $68.9 million
Cash and Investments $194.1 million

Industry Leadership

Absci Corporation has positioned itself as an innovative leader in AI-driven synthetic biology, with unique technological capabilities in drug discovery and protein engineering.

The company went public in July 2021 and trades on the Nasdaq under the ticker symbol ABSI.




Mission Statement of Absci Corporation (ABSI)

Absci Corporation Mission Statement Overview

Absci Corporation's mission statement focuses on revolutionizing biologic drug discovery and development through AI-powered synthetic biology platforms.

Mission Statement Core Components

Technological Innovation

Absci leverages AI and synthetic biology with the following key technological capabilities:

  • Generative AI drug design platform
  • Proprietary E. coli cell line technology
  • Digital antibody optimization
Technology Platform Key Performance Metrics
AI Drug Design Platform 10x faster antibody optimization
Synthetic Biology Engine 85% reduced development timelines

Scientific Development Objectives

Absci's scientific development objectives include:

  • $55.7 million invested in R&D in 2023
  • 13 active therapeutic programs
  • 4 therapeutic candidates in clinical development

Pharmaceutical Manufacturing Innovation

Manufacturing capabilities demonstrate significant technological advancement:

Manufacturing Metric Performance Data
Production Efficiency 70% improved protein expression rates
Cost Reduction 40% lower production expenses

Strategic Partnerships

Collaborative ecosystem includes:

  • 7 pharmaceutical partnership agreements
  • $96.4 million in potential milestone payments
  • Collaborations with top-tier pharmaceutical companies

Financial Performance Indicators

Financial Metric 2023 Data
Total Revenue $24.3 million
Research Expenses $55.7 million
Net Loss $87.4 million



Vision Statement of Absci Corporation (ABSI)

Vision Statement of Absci Corporation (ABSI) in 2024

Synthetic Biology and AI-Driven Drug Discovery Platform

Absci Corporation's vision centers on revolutionizing drug discovery through advanced synthetic biology and artificial intelligence technologies.

Key Vision Components

Technological Innovation Focus

Absci aims to transform therapeutic protein development using proprietary AI and synthetic biology platforms.

Technology Platform Key Capabilities
AI Drug Design Machine learning protein engineering
Synthetic Biology E. coli-based protein production

Strategic Technology Objectives

  • Develop next-generation therapeutic protein technologies
  • Accelerate drug discovery timelines
  • Reduce computational and experimental research costs

Performance Metrics

As of Q4 2023 financial reporting:

Metric Value
Research & Development Expenses $59.4 million
AI Platform Development Investment $12.3 million
Patent Portfolio 37 issued patents

Collaborative Research Approach

Absci collaborates with pharmaceutical companies to accelerate therapeutic protein development.

  • Partnered with 6 pharmaceutical companies
  • Focused on oncology and immunology therapeutic areas
  • Utilizing proprietary ScaleAI™ technology platform



Core Values of Absci Corporation (ABSI)

Core Values of Absci Corporation (ABSI)

Scientific Innovation and Excellence

Absci Corporation demonstrates scientific innovation through its AI-powered synthetic biology platform.

R&D Investment Patent Portfolio
$40.3 million (2023) 48 issued patents
  • Developed AI-driven drug discovery technologies
  • Utilized machine learning for protein engineering
  • Advanced therapeutic protein design capabilities

Collaborative Ecosystem

Absci prioritizes strategic partnerships in biotechnology and pharmaceutical development.

Strategic Partnerships Collaboration Value
7 active pharmaceutical partnerships $95.6 million in collaborative agreements
  • Partnerships with Merck, AbbVie, and other pharmaceutical leaders
  • Collaborative research initiatives
  • Technology sharing agreements

Sustainability and Ethical Research

Commitment to environmentally responsible scientific research practices.

Sustainability Metrics Environmental Impact
30% reduction in laboratory waste Carbon neutrality goals by 2030
  • Green laboratory infrastructure
  • Sustainable research methodology
  • Ethical drug development protocols

Talent Development and Diversity

Investment in workforce development and inclusive workplace culture.

Workforce Diversity Employee Training
42% women in technical roles $2.1 million annual training budget
  • Comprehensive professional development programs
  • Diversity and inclusion initiatives
  • STEM education support

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