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EQRx

eqrx.com

Founded Year

2020

Stage

Acq - Pending | Acquired

Total Raised

$700M

Valuation

$0000 

About EQRx

EQRx is a biotechnology company focused on re-engineering the process from drug discovery to patient delivery with the goal of offering a market-based solution for the rising cost of medicines. Leveraging advances in science and technology to bring treatments for life threatening and chronic diseases to people more efficiently and cost-effectively, EQRx intends to offer its therapies at dramatically lower prices compared to today’s innovative medicines.

Headquarters Location

50 Hampshire Street

Cambridge, Massachusetts, 02139,

United States

617-315-2255

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Expert Collections containing EQRx

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

EQRx is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,208 items

B

Biopharma Tech

1,568 items

Latest EQRx News

EQRx, Inc. (EQRX) Stock Investigation: Robbins LLP Reminds Investors it is Investigating EQRX, Inc.

Apr 26, 2023

San Diego, California, UNITED STATES SAN DIEGO, April 26, 2023 (GLOBE NEWSWIRE) -- Shareholder rights law firm  Robbins LLP  is investigating EQRx, Inc. (NASDAQ: EQRX) to determine whether certain EQRx officers and directors violated securities laws and breached fiduciary duties to shareholders. If you would like more information about our investigation of EQRX's misconduct, click  here . EQRx, Inc. (EQRX) May Have Engaged in a Conflicted SPAC Process EQRx International, Inc. completed a business combination with CM Life Sciences III Inc. on December 17, 2021, and now operates as EQRx, Inc. This week, Corvex Management LP agreed to pay the SEC $1 million to settle allegations that the investment advisor did not properly disclose conflicts of interests involving certain SPACs. The SEC alleged that from July 2020 through January 2021, Corvex personnel were involved in forming three SPACs know as CM Life Sciences Inc., CM Life Sciences II Inc., and CM Life Sciences III Inc. (now EQRx, Inc.). Individuals supervised by Corvex owned about half of the sponsors of the three SPACs. Because of their ownership interests, Corvex personnel were entitled to receive a portion of the SPAC sponsor compensation once the SPACs completed their business combinations. The SEC alleged that Corvex personnel thus had financial incentives to push the firm's advisory clients to make SPAC-related investments to ensure the three SPACs completed business combinations. The agency said that Corvex caused its advisory clients to participate in $122.5 million worth of private investment in public equity transactions, or PIPE transactions, in connection with the three SPACs' ultimate business combinations. Corvex didn't disclose the conflicts of interest April 2021 — after the three SPACs had consummated their initial public offerings. Corvex founder Keith A. Meister and CM Life Sciences Holdings, the sponsor of one of the SPACs mentioned in the SEC's order, were hit with an investor suit in February in Delaware Chancery Court, alleging they made misleading disclosures in the lead-up to the take-public merger and immediate value plunge of clinical data and genomics company Sema4 Holdings in July 2021. What Now: EQRx, Inc. shareholders have legal options. If you own shares of EQRx or have incurred a recent significant loss in the stock, contact us for more information about your rights. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. Contact us to learn more: Aaron Dumas

EQRx Frequently Asked Questions (FAQ)

  • When was EQRx founded?

    EQRx was founded in 2020.

  • Where is EQRx's headquarters?

    EQRx's headquarters is located at 50 Hampshire Street, Cambridge.

  • What is EQRx's latest funding round?

    EQRx's latest funding round is Acq - Pending.

  • How much did EQRx raise?

    EQRx raised a total of $700M.

  • Who are the investors of EQRx?

    Investors of EQRx include CM Life Sciences III, Arboretum Ventures, Andreessen Horowitz, Nextech Invest, Casdin Capital and 5 more.

  • Who are EQRx's competitors?

    Competitors of EQRx include Entelos and 5 more.

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