BUZZ-Tempus AI rises after partnering with Daiichi Sankyo for cancer drug
Tempus Al TEM | 0.00 |
** Shares of genetics-testing firm Tempus AI TEM.O rise 2% to $49.34 premarket
** Co says it partnered with Japan's Daiichi Sankyo to use AI to speedily develop a drug for cancer
** Deal centers on an antibody drug conjugate, a targeted treatment that delivers chemotherapy directly to tumour cells
** Tempus says it will use AI tools and large real-world patient data to find biomarkers – biological signals that show which patients may benefit
** Adds the companies will jointly build AI models to select patients for trials and better understand how different patients respond to the drug
** Financial terms of the partnership not disclosed
** TEM shares up ~75% in 2025
